| Schedule of Portfolio Investments | Limited Duration Fund |
November 30, 2022 (Unaudited) |
| Shares
or Principal Amount | Security Description | Value | ||||||
| Asset Backed Securities (33.2%) | ||||||||
| $ | 145,342 | Bayview Financial Mortgage Pass-Through Trust, Series 2005-C, Class M3, 4.68% (US0001M + 98 bps), 6/28/44, Callable 12/28/22 @ 100* | $ | 144,899 | ||||
| 570,718 | CDC Mortgage Capital Trust, Series 2002-HE1, Class A, 4.66% (US0001M + 62 bps), 1/25/33, Callable 12/25/22 @ 100* | 557,047 | ||||||
| 511,415 | CIT Mortgage Loan Trust, Series 2007-1, Class 1A, 5.37% (US0001M + 135 bps), 10/25/37, Callable 7/25/23 @ 100*(a) | 507,581 | ||||||
| 9 | Citigroup Mortgage Loan Trust, Inc., Series 2005-WF1, Class A5, 5.01%, 11/25/34, Callable 12/25/22 @ 100*(b) | 8 | ||||||
| 651,676 | CLI Funding VIII LLC, Series 2021-1A, Class B, 2.38%, 2/18/46(a) | 539,388 | ||||||
| 228 | Countrywide Asset-Backed Certificates, Series 2002-S1, Class A5, 5.08%, 5/25/32, Callable 12/25/22 @ 100*(b)(c) | 226 | ||||||
| 1,347,475 | Driven Brands Funding LLC, Series 2019-2A, Class A2, 3.98%, 10/20/49, Callable 10/20/24@ 100*(a) | 1,194,464 | ||||||
| 806,000 | Flexential Issuer, Series 2021-1A, Class A2, 3.25%, 11/27/51, Callable 11/25/25 @ 100*(a) | 699,855 | ||||||
| 457,984 | Fremont Home Loan Trust, Series 2004-3, Class 10A1, 5.46% (US0001M + 188 bps), 11/25/34, Callable 12/25/22 @ 100* | 337,720 | ||||||
| 1,303,572 | Goodgreen Trust, Series 2021-1A, Class A, 2.63%, 4/15/55, Callable 10/15/38 @ 100*(a) | 1,071,840 | ||||||
| 345,000 | Hi-Fi Music Ip Issuer II L.P, Series 2022-1A, Class A2, 3.94%, 2/1/62, Callable 1/2/23 @ 100*(a) | 309,035 | ||||||
| 19 | IMC Home Equity Loan Trust, Series 1998-1, Class A6, 7.02%, 6/20/29(b)(c) | 18 | ||||||
| 773,225 | Jack In The Box Funding LLC, Series 2022-1A, Class A2I, 3.45%, 2/26/52, Callable 2/25/25 @ 100*(a) | 672,283 | ||||||
| 31,141 | Lendingpoint Asset Securitization Trust, Series 2021-A, Class A, 1.00%, 12/15/28, Callable 12/15/22 @ 100*(a) | 31,086 | ||||||
| 196,824 | NMEF Funding LLC, Series 2021-A, Class A2, 0.81%, 12/15/27, Callable 8/15/23 @ 100*(a) | 193,516 | ||||||
| 1,544,899 | NovaStar Mortgage Funding Trust, Series 2003-2, Class M2, 6.79% (US0001M + 278 bps), 9/25/33, Callable 12/25/22 @ 100* | 1,547,489 | ||||||
| 335,120 | RAAC Trust, Series 2007-SP1, Class M1, 4.90% (US0001M + 86 bps), 3/25/37, Callable 12/25/22 @ 100* | 331,526 | ||||||
| 73,631 | Residential Asset Mortgage Products, Inc., Series 2002-RS2, Class AI5, 5.05%, 3/25/32, Callable 12/25/22 @ 100* | 66,416 | ||||||
| 1,505 | Saxon Asset Securities Trust, Series 2003-3, Class AF6, 4.25%, 12/25/33, Callable 12/25/22 @ 100*(b)(c) | 1,411 | ||||||
| 1,531,917 | Sonic Capital LLC, Series 2021-1A, Class A2I, 2.19%, 8/20/51, Callable 8/20/25 @ 100*(a) | 1,253,995 | ||||||
| 50,303 | Soundview Home Equity Loan Trust, Series 2005-B, Class M2, 6.07%, 5/25/35, Callable 12/25/22 @ 100*(b)(c) | 45,399 | ||||||
| 352,603 | Structured Asset Investment Loan Trust, Series 2003-BC2, Class A1, 4.72% (US0001M + 68 bps), 4/25/33, Callable 12/25/22 @ 100* | 350,399 | ||||||
| Shares
or Principal Amount | Security Description | Value | ||||||
| Asset Backed Securities, continued: | ||||||||
| $ | 686,853 | Structured Asset Investment Loan Trust, Series 2005-HE3, Class M1, 4.74% (US0001M + 72 bps), 9/25/35, Callable 12/25/22 @ 100* | $ | 666,866 | ||||
| 160,599 | Structured Asset Securities Corp. Mortgage Pass-Through Certificates, Series 2004-6XS, Class A5A, 6.03%, 3/25/34, Callable 12/25/22 @ 100*(b)(c) | 157,459 | ||||||
| 1,323,000 | Taco Bell Funding LLC, Series 2016-1A, Class A23, 4.97%, 5/25/46, Callable 5/25/23 @ 100*(a) | 1,269,138 | ||||||
| 539,696 | Textainer Marine Containers VII, Ltd., Series 2020-1A, Class A, 2.73%, 8/21/45, Callable 12/20/22 @ 100*(a) | 486,745 | ||||||
| 844,063 | Wendy's Funding LLC, Series 2019-1A, Class A2I, 3.78%, 6/15/49, Callable 3/15/24 @ 100*(a) | 773,663 | ||||||
| 646,813 | ZAXBY'S Funding LLC, Series 2021-1A, Class A2, 3.24%, 7/30/51, Callable 7/30/25 @ 100*(a) | 529,664 | ||||||
| Total Asset Backed Securities (Cost $15,454,025) | 13,739,136 | |||||||
| Mortgage Backed Securities† (31.1%) | ||||||||
| Alt-A - Adjustable Rate Mortgage Backed Securities (0.8%) | ||||||||
| 79,545 | Bear Stearns Alternative Trust, Series 2006-1, Class 21A2, 3.45%, 2/25/36, Callable 12/25/22 @ 100*(b) | 59,871 | ||||||
| 9,004 | Bear Stearns Alternative Trust, Series 2005-5, Class 26A1, 4.20%, 7/25/35, Callable 12/25/22 @ 100*(b) | 6,417 | ||||||
| 9,918 | Countrywide Alternative Loan Trust, Series 2005-24, Class 1A1, 3.00% (12MTA + 131 bps), 7/20/35, Callable 12/19/22 @ 100* | 8,029 | ||||||
| 965 | Deutsche Mortgage Securities, Inc., Series 2006-ABR, Class A1B1, 4.12% (US0001M + 10 bps), 10/25/36, Callable 12/25/22 @ 100* | 817 | ||||||
| 1,714 | Deutsche Mortgage Securities, Inc., Series 2003-4XS, Class A6A, 5.32%, 10/25/44, Callable 12/25/22 @ 100*(b)(c) | 1,609 | ||||||
| 3,296 | Deutsche Mortgage Securities, Inc., Series 2006-AB4, Class A1A, 6.01%, 10/25/36, Callable 12/25/22 @ 100*(b) | 2,852 | ||||||
| 3,059 | First Horizon Alternative Mortgage Securities, Series 2004-AA3, Class A1, 3.77%, 9/25/34, Callable 12/25/22 @ 100*(b) | 2,724 | ||||||
| 14,912 | Master Adjustable Rate Mortgage Trust, Series 2004-13, Class 2A1, 4.03%, 4/21/34, Callable 12/21/22 @ 100*(b) | 13,958 | ||||||
| 225,605 | Nomura Asset Acceptance Corp., Series 2005-AR4, Class 3A1, 4.04%, 8/25/35, Callable 12/25/22 @ 100*(b) | 224,871 | ||||||
| 23,966 | Residential Accredit Loans, Inc., Series 2004-QA4, Class NB21, 4.07%, 9/25/34, Callable 12/25/22 @ 100*(b) | 21,811 | ||||||
| 13,669 | Residential Accredit Loans, Inc., Series 2006-QA1, Class A21, 4.60%, 1/25/36, Callable 12/25/22 @ 100*(b) | 10,540 | ||||||
| 353,499 | ||||||||
| Alt-A - Fixed Rate Mortgage Backed Securities (1.2%) | ||||||||
| 10,531 | Chaseflex Trust, Series 2005-1, Class 2A4, 5.50%, 2/25/35, Callable 12/25/22 @ 100* | 8,614 | ||||||
See notes to schedule of portfolio of investments.
- 1 -
| Schedule of Portfolio Investments | Limited Duration Fund |
November 30, 2022 (Unaudited) |
Continued |
| Shares
or Principal Amount | Security Description | Value | ||||||
| Mortgage Backed Securities†, continued: | ||||||||
| Alt-A - Fixed Rate Mortgage Backed Securities, continued: | ||||||||
| $ | 14,465 | Citigroup Mortgage Alternative Loan Trust, Series 2006-A3, Class 1A5, 6.00%, 7/25/36, Callable 12/25/22 @ 100* | $ | 12,632 | ||||
| 11,478 | Countrywide Alternative Loan Trust, Series 2005-J13, Class 2A3, 5.50%, 11/25/35, Callable 12/25/22 @ 100* | 7,962 | ||||||
| 15,491 | Countrywide Alternative Loan Trust, Series 2006-2CB, Class A3, 5.50%, 3/25/36, Callable 12/25/22 @ 100* | 6,807 | ||||||
| 16,437 | Countrywide Alternative Loan Trust, Series 2006- 31CB, Class A16, 6.00%, 11/25/36, Callable 12/25/22 @ 100* | 10,029 | ||||||
| 16,027 | Countrywide Alternative Loan Trust, Series 2006-43CB, Class 1A4, 6.00%, 2/25/37, Callable 12/25/22 @ 100* | 9,142 | ||||||
| 117,861 | Countrywide Alternative Loan Trust, Series 2006-J8, Class A2, 6.00%, 2/25/37, Callable 12/25/22 @ 100* | 53,156 | ||||||
| 55,294 | Countrywide Alternative Loan Trust, Series 2004-J8, Class 2A1, 7.00%, 8/25/34, Callable 12/25/22 @ 100* | 49,464 | ||||||
| 109 | Master Alternative Loans Trust, Series 2004-3, Class 1A1, 5.00%, 3/25/19, Callable 12/25/22 @ 100* | 102 | ||||||
| 699 | Master Alternative Loans Trust, Series 2005-1, Class 5A1, 5.50%, 1/25/20, Callable 12/25/22 @ 100* | 586 | ||||||
| 2,947 | Master Alternative Loans Trust, Series 2004-3, Class 3A1, 6.00%, 4/25/34, Callable 12/25/22 @ 100* | 2,842 | ||||||
| 257,705 | Master Alternative Loans Trust, Series 2004-3, Class 5A1, 6.50%, 3/25/34, Callable 12/25/22 @ 100* | 252,191 | ||||||
| 19,091 | Master Alternative Loans Trust, Series 2004-1, Class 3A1, 7.00%, 1/25/34, Callable 12/25/22 @ 100* | 18,876 | ||||||
| 2,765 | Master Alternative Loans Trust, Series 2004-3, Class 8A1, 7.00%, 4/25/34, Callable 12/25/22 @ 100* | 2,759 | ||||||
| 101 | Residential Accredit Loans, Inc., Series 2004-QS13, Class CB, 5.00%, 9/25/19, Callable 12/25/22 @ 100* | 101 | ||||||
| 5,570 | Residential Accredit Loans, Inc., Series 2004-QS6, Class A1, 5.00%, 5/25/19, Callable 12/25/22 @ 100* | 5,183 | ||||||
| 21,840 | Residential Accredit Loans, Inc., Series 2006-QS6, Class 1A2, 6.00%, 6/25/36, Callable 12/25/22 @ 100* | 17,494 | ||||||
| 40,571 | Residential Asset Securitization Trust, Series 2006-A9CB, Class A5, 6.00%, 9/25/36, Callable 3/25/24 @ 100* | 13,298 | ||||||
| 24,586 | Residential Asset Securitization Trust, Series 2007-A5, Class 2A3, 6.00%, 5/25/37, Callable 12/25/22 @ 100* | 14,134 | ||||||
| 7,678 | Wells Fargo Mortgage Backed Securities Trust, Series 2005-1, Class 2A3, 5.50%, 2/25/35, Callable 12/25/22 @ 100* | 7,455 | ||||||
| 492,827 | ||||||||
| Prime Adjustable Rate Mortgage Backed Securities (2.7%) | ||||||||
| 234 | Adjustable Rate Mortgage Trust, Series 2005-1, Class 2A22, 3.34%, 5/25/35(b) | 232 | ||||||
| Shares
or Principal Amount | Security Description | Value | ||||||
| Mortgage Backed Securities†, continued: | ||||||||
| Prime Adjustable Rate Mortgage Backed Securities, continued: | ||||||||
| $ | 327,920 | American Home Mortgage Investment Trust, Series 2006-2, Class 3A2, 6.70%, 6/25/36, Callable 12/25/22 @ 100*(b)(c) | $ | 55,442 | ||||
| 253,437 | Banc of America Funding Corp., Series 2015-R3, Class 4A1, 4.17% (US0001M + 15 bps), 3/27/37(a) | 252,161 | ||||||
| 4,150 | Bank of America Mortgage Securities, Series 2006-A, Class 2A1, 2.84%, 2/25/36, Callable 12/25/22 @ 100*(b) | 3,661 | ||||||
| 3,977 | Bank of America Mortgage Securities, Series 2004-E, Class 1A1, 3.31%, 6/25/34, Callable 12/25/22 @ 100*(b) | 3,593 | ||||||
| 2,709 | Bank of America Mortgage Securities, Series 2006-B, Class 2A1, 3.87%, 11/20/46, Callable 12/20/22 @ 100*(b) | 2,374 | ||||||
| 4,716 | Bank of America Mortgage Securities, Series 2003-H, Class 2A3, 4.05%, 9/25/33, Callable 12/25/22 @ 100*(b) | 4,296 | ||||||
| 4,551 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-6, Class 1A1, 3.77%, 9/25/34, Callable 12/25/22 @ 100*(b) | 4,047 | ||||||
| 10,429 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2006-4, Class 1A1, 4.13%, 10/25/36, Callable 12/25/22 @ 100*(b) | 9,074 | ||||||
| 2,555 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-10, Class 15A1, 4.25%, 1/25/35, Callable 12/25/22 @ 100*(b) | 2,393 | ||||||
| 3,385 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2005-9, Class A1, 5.23% (H15T1Y + 230 bps), 10/25/35, Callable 12/25/22 @ 100* | 3,105 | ||||||
| 4,185 | Bear Stearns Mortgage Securities, Inc., Series 1997-6, Class 1A, 6.43%, 3/25/31, Callable 12/25/22 @ 100*(b) | 4,113 | ||||||
| 8,919 | Chase Mortgage Finance Corp., Series 2007-A2, Class 10A1, 3.72%, 7/25/37, Callable 12/25/22 @ 100*(b) | 7,331 | ||||||
| 4,941 | Citigroup Mortgage Loan Trust, Inc., Series 2005-3, Class 2A2A, 3.84%, 8/25/35(b) | 4,705 | ||||||
| 3,217 | Countrywide Home Loans, Series 2003-60, Class 2A1, 2.12%, 2/25/34, Callable 12/25/22 @ 100*(b) | 2,910 | ||||||
| 220 | Countrywide Home Loans, Series 2003-42, Class 1A1, 3.99%, 9/25/33, Callable 12/25/22 @ 100*(b) | 177 | ||||||
| 6,624 | Countrywide Home Loans, Series 2003-58, Class 2A2, 4.11%, 2/19/34, Callable 12/19/22 @ 100*(b) | 6,288 | ||||||
| 23,693 | Credit Suisse First Boston Mortgage Securities Corp., Series 2002-AR28, Class CB3, 3.41%, 11/25/32, Callable 12/25/22 @ 100*(b) | 12,666 | ||||||
| 19,953 | Credit Suisse First Boston Mortgage Securities Corp., Series 2004-AR7, Class 2A1, 3.54%, 11/25/34, Callable 12/25/22 @ 100*(b) | 19,011 | ||||||
| 4,899 | First Horizon Mortgage Pass-Through Trust, Series 2005-AR4, Class 2A1, 3.93%, 10/25/35, Callable 12/25/22 @ 100*(b) | 4,529 | ||||||
| 24,308 | GMAC Mortgage Corp. Loan Trust, Series 2005-AR6, Class 3A1, 3.60%, 11/19/35, Callable 12/19/22 @ 100*(b) | 19,929 | ||||||
See notes to schedule of portfolio of investments.
- 2 -
| Schedule of Portfolio Investments | Limited Duration Fund |
November 30, 2022 (Unaudited) |
Continued |
| Shares
or Principal Amount | Security Description | Value | ||||||
| Mortgage Backed Securities†, continued: | ||||||||
| Prime Adjustable Rate Mortgage Backed Securities, continued: | ||||||||
| $ | 4,711 | GSR Mortgage Loan Trust, Series 2005-AR7, Class 2A1, 3.06%, 11/25/35, Callable 12/25/22 @ 100*(b) | $ | 4,609 | ||||
| 16,095 | GSR Mortgage Loan Trust, Series 2005-AR2, Class 1A2, 3.19%, 4/25/35, Callable 12/25/22 @ 100*(b) | 14,491 | ||||||
| 59,272 | Harborview Mortgage Loan Trust, Series 2004-10, Class 3A1B, 3.75%, 1/19/35, Callable 12/19/22 @ 100*(b) | 51,951 | ||||||
| 3,060 | Harborview Mortgage Loan Trust, Series 2005-14, Class 3A1A, 3.88%, 12/19/35, Callable 12/19/22 @ 100*(b) | 2,850 | ||||||
| 18,598 | Indymac Index Mortgage Loan Trust, Series 2006-AR13, Class A1, 3.33%, 7/25/36, Callable 12/25/22 @ 100*(b) | 13,831 | ||||||
| 31,713 | Indymac Index Mortgage Loan Trust, Series 2006-AR19, Class 1A2, 3.39%, 8/25/36, Callable 12/25/22 @ 100*(b) | 23,740 | ||||||
| 8,343 | Indymac Index Mortgage Loan Trust, Series 2004-AR4, Class 1A, 3.45%, 8/25/34, Callable 12/25/22 @ 100*(b) | 7,445 | ||||||
| 18,861 | Indymac Index Mortgage Loan Trust, Series 2004-AR4, Class 3A, 3.76%, 8/25/34, Callable 12/25/22 @ 100*(b) | 17,207 | ||||||
| 1,449 | JPMorgan Mortgage Trust, Series 2006-A5, Class 3A4, 3.52%, 8/25/36, Callable 12/25/22 @ 100*(b) | 1,177 | ||||||
| 463,307 | LSTAR Securities Investment, Ltd., Series 2021-1, Class A, 5.92% (US0001M + 180 bps), 2/1/26, Callable 1/2/23 @ 100*(a) | 458,674 | ||||||
| 6,224 | Merrill Lynch Mortgage Investors Trust, Series 2004-1, Class 2A2, 3.01%, 12/25/34, Callable 12/25/22 @ 100*(b) | 5,725 | ||||||
| 711 | Merrill Lynch Mortgage Investors Trust, Series 2004-A1, Class 2A2, 3.11%, 2/25/34, Callable 12/25/23 @ 100*(b) | 646 | ||||||
| 7,082 | Merrill Lynch Mortgage Investors Trust, Series 2004-A2, Class 1A, 3.73%, 7/25/34, Callable 6/25/25 @ 100*(b) | 6,522 | ||||||
| 1,784 | Morgan Stanley Mortgage Loan Trust, Series 2004-6AR, Class 3A, 3.65%, 8/25/34, Callable 1/25/27 @ 100*(b) | 1,701 | ||||||
| 5,000 | Morgan Stanley Mortgage Loan Trust, Series 2004-6AR, Class 2A2, 3.81%, 8/25/34, Callable 2/25/26 @ 100*(b) | 4,803 | ||||||
| 20,299 | Structured Adjustable Rate Mortgage Loan Trust, Series 2004-18, Class 1A2, 3.52%, 12/25/34, Callable 12/25/22 @ 100*(b) | 17,668 | ||||||
| 2,092 | Structured Adjustable Rate Mortgage Loan Trust, Series 2004-1, Class 3A1, 4.10%, 2/25/34, Callable 12/25/22 @ 100*(b) | 1,914 | ||||||
| 5,638 | Structured Asset Mortgage Investments, Inc., Series 2005-AR7, Class 1A1, 3.06%, 12/27/35, Callable 12/25/22 @ 100*(b) | 5,658 | ||||||
| 9,978 | Structured Asset Securities Corp., Series 2003-24A, Class 1A3, 3.77%, 7/25/33, Callable 12/25/22 @ 100*(b) | 9,551 | ||||||
| 3,135 | Washington Mutual Mortgage Pass-Through Certificates, Series 2004-AR3, Class A2, 3.10%, 6/25/34, Callable 12/25/22 @ 100*(b) | 2,850 | ||||||
| Shares
or Principal Amount | Security Description | Value | ||||||
| Mortgage Backed Securities†, continued: | ||||||||
| Prime Adjustable Rate Mortgage Backed Securities, continued: | ||||||||
| $ | 42,020 | Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR14, Class 1A1, 3.33%, 11/25/36, Callable 12/25/22 @ 100*(b) | $ | 36,658 | ||||
| 1,177 | Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR8, Class 1A1, 3.68%, 8/25/46, Callable 12/25/22 @ 100*(b) | 1,022 | ||||||
| 6,571 | Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR10, Class 1A2, 3.74%, 9/25/36, Callable 12/25/22 @ 100*(b) | 5,858 | ||||||
| 3,880 | Washington Mutual Mortgage Pass-Through Certificates, Series 2004-AR10, Class A1B, 4.86% (US0001M + 84 bps), 7/25/44, Callable 12/25/22 @ 100* | 3,426 | ||||||
| 1,122,014 | ||||||||
| Prime Fixed Mortgage Backed Securities (11.8%) | ||||||||
| 489,711 | Angel Oak Mortgage Trust, Series 2021-5, Class A1, 0.95%, 7/25/66, Callable 9/25/23 @ 100*(a)(b) | 382,482 | ||||||
| 547,417 | Angel Oak Mortgage Trust, Series 2019-6, Class A1, 2.62%, 11/25/59, Callable 12/25/22 @ 100*(a)(b) | 516,920 | ||||||
| 10,128 | Citigroup Mortgage Loan Trust, Inc., Series 2003-1, Class WA2, 6.50%, 6/25/31, Callable 12/25/22 @ 100* | 9,681 | ||||||
| 61,178 | Citigroup Mortgage Loan Trust, Inc., Series 2004-NCM2, Class 1CB2, 6.75%, 8/25/34, Callable 12/25/22 @ 100* | 57,050 | ||||||
| 10,027 | Citigroup Mortgage Loan Trust, Inc., Series 2004-NCM2, Class 2CB3, 8.00%, 8/25/34, Callable 12/25/22 @ 100* | 9,979 | ||||||
| 3,445 | Credit Suisse First Boston Mortgage Securities Corp., Series 2004-7, Class 5A1, 5.00%, 10/25/19, Callable 12/25/22 @ 100* | 3,289 | ||||||
| 57,421 | Credit Suisse First Boston Mortgage Securities Corp., Series 2003-23, Class 1A11, 6.00%, 10/25/33 | 52,601 | ||||||
| 9,163 | Credit Suisse First Boston Mortgage Securities Corp., Series 2003-8, Class 5A1, 6.50%, 4/25/33, Callable 12/25/22 @ 100* | 8,845 | ||||||
| 14,973 | Credit Suisse First Boston Mortgage Securities Corp., Series 2003-1, Class 1A1, 7.00%, 2/25/33, Callable 12/25/22 @ 100* | 14,597 | ||||||
| 33,785 | Credit Suisse First Boston Mortgage Securities Corp., Series 2002-10, Class 2B1, 7.50%, 5/25/32, Callable 12/25/22 @ 100* | 9,671 | ||||||
| 183,625 | Credit Suisse First Boston Mortgage Securities Corp., Series 2002-34, Class 1A1, 7.50%, 12/25/32, Callable 12/25/22 @ 100* | 185,628 | ||||||
| 581,613 | GS Mortgage-Backed Securities, Series 2022-PJ1, Class A8, 2.50%, 5/28/52, Callable 2/25/46 @ 100*(a)(b) | 497,370 | ||||||
| 435,316 | GS Mortgage-Backed Securities Corp. Trust, Series 2019-PJ2, Class A8, 4.00%, 11/25/49, Callable 1/25/24 @ 100*(a)(b) | 410,370 | ||||||
| 16,011 | GSR Mortgage Loan Trust, Series 2003-3F, Class 2A1, 4.50%, 4/25/33, Callable 12/25/22 @ 100* | 14,481 | ||||||
| 20,210 | GSR Mortgage Loan Trust, Series 2005-8F, Class 3A4, 6.00%, 11/25/35, Callable 1/25/35 @ 100* | 8,691 | ||||||
See notes to schedule of portfolio of investments.
- 3 -
| Schedule of Portfolio Investments | Limited Duration Fund |
November 30, 2022 (Unaudited) |
Continued |
| Shares
or Principal Amount | Security Description | Value | ||||||
| Mortgage Backed Securities†, continued: | ||||||||
| Prime Fixed Mortgage Backed Securities, continued: | ||||||||
| $ | 543,506 | JPMorgan Mortgage Trust, Series 2020-4, Class A3A, 2.50%, 11/25/50, Callable 1/25/30 @ 100*(a)(b) | $ | 441,119 | ||||
| 420,836 | JPMorgan Mortgage Trust, Series 2017-2, Class A4, 3.00%, 5/25/47, Callable 12/25/32 @ 100*(a)(b) | 349,256 | ||||||
| 9,211 | Lehman Mortgage Trust, Series 2005-3, Class 1A3, 5.50%, 1/25/36, Callable 12/25/22 @ 100* | 4,835 | ||||||
| 1,550,000 | NewRez Warehouse Securitization Trust, Series 2021-1, Class D, 5.44% (US0001M + 140 bps), 5/25/55, Callable 5/25/24 @ 100*(a) | 1,493,175 | ||||||
| 4,325 | Residential Funding Mortgage Securities I, Series 2005-S7, Class A1, 5.50%, 11/25/35, Callable 12/25/22 @ 100* | 3,389 | ||||||
| 12,219 | Residential Funding Mortgage Securities I, Series 2003-S9, Class A1, 6.50%, 3/25/32, Callable 12/25/22 @ 100* | 11,599 | ||||||
| 58,528 | Structured Asset Mortgage Investments, Inc., Series 1999-2, Class 3A, 6.75%, 5/25/29, Callable 12/25/22 @ 100* | 55,364 | ||||||
| 342,324 | Verus Securitization Trust, Series 2020-1, Class A1, 2.42%, 1/25/60, Callable 1/25/23 @ 100*(a)(b) | 321,301 | ||||||
| 4,861,693 | ||||||||
| Subprime Mortgage Backed Securities (1.6%) | ||||||||
| 109,144 | Towd Point Mortgage Trust, Series 2017-1, Class A1, 2.75%, 10/25/56, Callable 11/25/23 @ 100*(a)(b) | 107,078 | ||||||
| 218,596 | Towd Point Mortgage Trust, Series 2017-2, Class A1, 2.75%, 4/25/57, Callable 3/25/24 @ 100*(a)(b) | 215,264 | ||||||
| 352,770 | Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75%, 10/25/57, Callable 12/25/25 @ 100*(a)(b) | 335,215 | ||||||
| 657,557 | ||||||||
| U.S. Government Agency Mortgage Backed Securities (13.0%) | ||||||||
| 149,561 | Fannie Mae, Series 2013-68, Class 10A1, 1.00%, 3/25/42 | 123,614 | ||||||
| 11,320 | Fannie Mae, 1.67% (US0012M + 133 bps), 1/1/35, Pool #805386 | 11,175 | ||||||
| 41,111 | Fannie Mae, Series 2012-31, Class PA, 2.00%, 4/25/41 | 39,562 | ||||||
| 34,415 | Fannie Mae, Series 2012-96, Class PD, 2.00%, 7/25/41 | 33,796 | ||||||
| 128,000 | Fannie Mae, Series 2013-18, Class 10A1, 2.00%, 12/25/42 | 112,669 | ||||||
| 1 | Fannie Mae, 2.08% (H15T1Y + 195 bps), 12/1/22, Pool #303247 | 1 | ||||||
| 85,089 | Fannie Mae, Series 2013-73, Class 10A1, 2.25%, 6/25/42 | 77,930 | ||||||
| 84,952 | Fannie Mae, Series 2013-74, Class 10A1, 2.25%, 6/25/42(b) | 80,106 | ||||||
| 63,114 | Fannie Mae, Series 2011-118, Class 10A1, 3.00%, 11/25/41 | 58,491 | ||||||
| 125,522 | Fannie Mae, Series 2014-1, Class AB, 3.00%, 6/25/43 | 119,161 | ||||||
| 467,904 | Fannie Mae, Series 2018-83, Class LC, 3.00%, 11/25/48 | 428,081 | ||||||
| 582 | Fannie Mae, 3.70% (H15T1Y + 222 bps), 6/1/32, Pool #725286 | 575 | ||||||
| Shares
or Principal Amount | Security Description | Value | ||||||
| Mortgage Backed Securities†, continued: | ||||||||
| U.S. Government Agency Mortgage Backed Securities, continued: | ||||||||
| $ | 576,716 | Fannie Mae, Series 2003-W14, Class 2A, 4.00%, 1/25/43, Callable 12/25/22 @ 100*(b) | $ | 535,756 | ||||
| 21,701 | Fannie Mae, 4.29% (H15T1Y + 229 bps), 2/1/30, Pool #556998 | 21,355 | ||||||
| 353,856 | Fannie Mae, Series 2003-W16, Class AF5, 4.40%, 11/25/33, Callable 12/25/22 @ 100*(b)(c) | 339,090 | ||||||
| 2,094 | Fannie Mae, Series 2001-W4, Class AF6, 5.11%, 1/25/32, Callable 12/25/22 @ 100*(b)(c) | 2,094 | ||||||
| 4,394 | Fannie Mae, Series 2001-W2, Class AF6, 6.09%, 10/25/31, Callable 12/25/22 @ 100*(b)(c) | 4,419 | ||||||
| 5,762 | Fannie Mae, Series 2001-W1, Class AF6, 6.40%, 7/25/31, Callable 12/25/22 @ 100*(b)(c) | 6,110 | ||||||
| 1,000 | Fannie Mae, Series 1996-42, Class LL, 7.50%, 9/25/26 | 1,009 | ||||||
| 744,166 | Fannie Mae Grantor Trust, Series 2003-T4, Class 2A5, 4.45%, 9/26/33, Callable 12/26/22 @ 100*(b)(c) | 718,239 | ||||||
| 876,313 | Fannie Mae REMIC Trust, Series 2004-W10, Class A6, 5.75%, 8/25/34, Callable 12/25/22 @ 100* | 880,498 | ||||||
| 46,656 | Freddie Mac, Series 4146, Class 10A1, 1.50%, 10/15/42 | 44,510 | ||||||
| 381,677 | Freddie Mac, Series 4220, Class KC, 1.50%, 5/15/32 | 361,724 | ||||||
| 61,469 | Freddie Mac, Series 3982, Class MD, 2.00%, 5/15/39 | 58,827 | ||||||
| 124,588 | Freddie Mac, Series 4019, Class GB, 2.00%, 12/15/41 | 113,414 | ||||||
| 187,272 | Freddie Mac, Series 4272, Class YG, 2.00%, 11/15/26 | 182,721 | ||||||
| 106,499 | Freddie Mac, Series 3913, Class PC, 2.50%, 3/15/41 | 102,078 | ||||||
| 374,702 | Freddie Mac, Series 4374, Class GA, 3.00%, 9/15/36 | 351,082 | ||||||
| 265,449 | Freddie Mac, Series T-67, Class 1A1C, 3.40%, 3/25/36, Callable 12/25/22 @ 100*(b) | 264,377 | ||||||
| 2,737 | Freddie Mac, 3.85% (US0006M + 152 bps), 4/1/36, Pool #1N0148 | 2,761 | ||||||
| 2,142 | Freddie Mac, 4.00%, 9/1/33, Pool #N31025 | 2,094 | ||||||
| 1,122 | Government National Mortgage Assoc., 1.75% (H15T1Y + 150 bps), 12/20/27, Pool #80141 | 1,097 | ||||||
| 3,959 | Government National Mortgage Assoc., 1.75% (H15T1Y + 150 bps), 11/20/29, Pool #876947 | 3,790 | ||||||
| 321,250 | Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42 | 285,792 | ||||||
| 22 | Government National Mortgage Assoc., 2.63% (H15T1Y + 150 bps), 1/20/23, Pool #8123 | 22 | ||||||
| 781 | Government National Mortgage Assoc., 2.63% (H15T1Y + 150 bps), 1/20/25, Pool #8580 | 772 | ||||||
| 1,237 | Government National Mortgage Assoc., 2.63% (H15T1Y + 150 bps), 1/20/25, Pool #8585 | 1,223 | ||||||
| 575 | Government National Mortgage Assoc., 2.63% (H15T1Y + 150 bps), 3/20/26, Pool #8832 | 561 | ||||||
| 1,110 | Government National Mortgage Assoc., 2.63% (H15T1Y + 150 bps), 3/20/29, Pool #80263 | 1,078 | ||||||
| 6,341 | Government National Mortgage Assoc., 2.88% (H15T1Y + 150 bps), 5/20/34, Pool #80916 | 6,216 | ||||||
| 59 | Government National Mortgage Assoc., 6.50%, 12/15/25, Pool #414856 | 61 | ||||||
See notes to schedule of portfolio of investments.
- 4 -
| Schedule of Portfolio Investments | Limited Duration Fund |
November 30, 2022 (Unaudited) |
Continued |
| Shares
or Principal Amount | Security Description | Value | ||||||
| Mortgage Backed Securities†, continued: | ||||||||
| U.S. Government Agency Mortgage Backed Securities, continued: | ||||||||
| $ | 16 | Government National Mortgage Assoc., 7.00%, 4/20/24, Pool #1655 | $ | 16 | ||||
| 20 | Government National Mortgage Assoc., 7.00%, 11/20/26, Pool #2320 | 20 | ||||||
| 77 | Government National Mortgage Assoc., 7.50%, 3/15/24, Pool #376439 | 77 | ||||||
| 5,378,044 | ||||||||
| Total Mortgage Backed Securities (Cost $14,316,599) | 12,865,634 | |||||||
| Corporate Bonds (13.4%) | ||||||||
| Aerospace & Defense (2.3%) | ||||||||
| 920,000 | Boeing Co. (The), 7.95%, 8/15/24 | 951,057 | ||||||
| Banks (2.7%) | ||||||||
| 1,057,740 | Southtrust Bank/Georgia, 7.74%, 5/15/25 | 1,113,115 | ||||||
| Capital Markets (2.5%) | ||||||||
| 1,116,000 | Goldman Sachs Group, Inc. (The), 1.30%, 11/15/24, Callable 2/15/23 @ 100* | 1,029,019 | ||||||
| 2,000,000 | Lehman Brothers Holdings, Inc., 6.00%, 7/19/12, MTN (d) | 7,000 | ||||||
| 1,036,019 | ||||||||
| Insurance (1.5%) | ||||||||
| 670,000 | Athene Global Funding, 1.72%, 1/7/25 (a) | 620,035 | ||||||
| IT Services (2.6%) | ||||||||
| 1,206,000 | Western Union Co. (The), 1.35%, 3/15/26, Callable 2/15/26 @ 100* | 1,050,311 | ||||||
| Tobacco (1.8%) | ||||||||
| 806,000 | BAT Capital Corp., 3.22%, 9/6/26, Callable 6/7/26 @ 100* | 746,356 | ||||||
| Total Corporate Bonds (Cost $7,105,732) | 5,516,893 | |||||||
| Taxable Municipal Bonds (3.0%) | ||||||||
| Georgia (2.4%) | ||||||||
| 985,000 | State of Georgia, Build America Bonds, GO, Series H, 4.50%, 11/1/25 | 988,444 | ||||||
| Pennsylvania (0.6%) | ||||||||
| 250,000 | Philadelphia Authority for Industrial Development Revenue, 3.96%, 4/15/26 | 245,867 | ||||||
| Total Taxable Municipal Bonds (Cost $1,284,460) | 1,234,311 | |||||||
| U.S. Government Agency Securities (6.4%) | ||||||||
| Federal Farm Credit Banks | ||||||||
| 1,000,000 | 1.23%, 9/10/29, Callable 12/15/22 @ 100* | 802,110 | ||||||
| 400,000 | 3.83% (SOFR + 2 bps), 7/13/23 | 399,989 | ||||||
| 475,000 | 3.86% (SOFR + 5 bps), 2/13/24 | 475,004 | ||||||
| 350,000 | 3.87% (SOFR + 6 bps), 10/8/24 | 349,696 | ||||||
| 2,026,799 | ||||||||
| Federal Home Loan Banks | ||||||||
| 35,000 | 0.90%, 8/27/26, Callable 2/27/23 @ 100* | 30,903 | ||||||
| 370,000 | 1.00%, 6/30/25, Callable 12/30/22 @ 100*(b) | 344,351 | ||||||
| 249,000 | 3.63%, 7/26/24, Callable 1/26/23 @ 100* | 243,693 | ||||||
| 618,947 | ||||||||
| Total U.S. Government Agency Securities (Cost $2,875,639) | 2,645,746 | |||||||
| U.S. Treasury Obligations (7.5%) | ||||||||
| U.S. Treasury Notes | ||||||||
| 942,000 | 4.13%, 9/30/27 | 952,082 | ||||||
| 2,161,000 | 4.25%, 9/30/24 | 2,153,065 | ||||||
| Total U.S. Treasury Obligations (Cost $3,106,274) | 3,105,147 | |||||||
| Shares
or Principal Amount | Security Description | Value | ||||||
| Investment in Affiliates (5.0%) | ||||||||
| 2,054,307 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 3.67%(e) | $ | 2,054,307 | |||||
| Total Investment in Affiliates (Cost $2,054,307) | 2,054,307 | |||||||
| Total Investments (Cost $46,197,036) — 99.6% | 41,161,174 | |||||||
| Other assets in excess of liabilities — 0.4% | 162,409 | |||||||
| Net Assets - 100.0% | $ | 41,323,583 | ||||||
See notes to schedule of portfolio of investments.
- 5 -
| Schedule of Portfolio Investments | Limited Duration Fund |
November 30, 2022 (Unaudited) |
Concluded |
| (a) | Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed liquid according to the policies and procedures adopted by the Board of Trustees. |
| (b) | The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at November 30, 2022. |
| (c) | Step Bond: Coupon rate is set for an initial period and then increased to a higher coupon rate at a specified date. The rate shown is the rate in effect at November 30, 2022. |
| (d) | Issuer has defaulted on the payment of interest. |
| (e) | Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 2022. |
| * | Represents next call date. Additional subsequent call dates and amounts may apply to this security. |
| † | Mortgage backed securities are classified based on the characteristics of their underlying collateral, the fixed vs. variable nature of the obligations, and the credit standing of the mortgagors. The fixed or variable rate nature of securities interest payments to which the fund is entitled may not coincide with the payment nature of the collateral underlying the securities. |
| 12MTA | 12 Month Treasury Average |
| GO | General Obligation |
| H15T1Y | 1 Year Treasury Constant Maturity Rate |
| LIBOR | London Interbank Offered Rate |
| MTN | Medium Term Note |
| REMIC | Real Estate Mortgage Investment Conduits |
| SOFR | Secured Overnight Financing Rate |
| US0001M | 1 Month US Dollar LIBOR |
| US0006M | 6 Month US Dollar LIBOR |
| US0012M | 12 Month US Dollar LIBOR |
See notes to schedule of portfolio of investments.
- 6 -
| Schedule of Portfolio Investments | Moderate Duration Fund |
| November 30, 2022 (Unaudited) |
| Shares
or Principal Amount | Security Description | Value | ||||||
Asset Backed Securities (18.0%) | ||||||||
| $ | 308,867 | CLI Funding VI LLC, Series 2020-3A, Class A, 2.07%, 10/18/45(a) | $ | 265,560 | ||||
| 115,600 | CLI Funding VIII LLC, Series 2022-1A, Class A1, 2.72%, 1/18/47(a) | 96,945 | ||||||
| 247,500 | DB Master Finance LLC, Series 2021-1A, Class A2I, 2.05%, 11/20/51, Callable 5/20/24 @ 100*(a) | 212,014 | ||||||
| 270,875 | Domino's Pizza Master Issuer LLC, Series 2021-1A, Class A2I, 2.66%, 4/25/51, Callable 10/25/25 @ 100*(a) | 221,656 | ||||||
| 280,000 | Flexential Issuer, Series 2021-1A, Class A2, 3.25%, 11/27/51, Callable 11/25/25 @ 100*(a) | 243,126 | ||||||
| 250,000 | Hi-Fi Music Ip Issuer II L.P, Series 2022-1A, Class A2, 3.94%, 2/1/62, Callable 1/2/23 @ 100*(a) | 223,938 | ||||||
| 286,807 | Longtrain Leasing III LLC, Series 2015-1A, Class A2, 4.06%, 1/15/45(a) | 264,714 | ||||||
| 145,725 | MVW LLC, Series 2019-2A, Class A, 2.22%, 10/20/38, Callable 9/20/25 @ 100*(a) | 137,409 | ||||||
| 250,000 | Sabey Data Center Issuer LLC, Series 2020-1, Class A2, 3.81%, 4/20/45, Callable 11/20/23 @ 100*(a) | 232,895 | ||||||
| 231,433 | Textainer Marine Containers VII, Ltd., Series 2A, Class A, 2.23%, 4/20/46, Callable 4/20/23 @ 100*(a) | 196,102 | ||||||
| 300,000 | Vantage Data Centers LLC, Series 2020-1A, Class A2, 1.65%, 9/15/45, Callable 9/15/23 @ 100*(a) | 261,381 | ||||||
| 232,538 | VR Funding LLC, Series 2020-1A, Class A, 2.79%, 11/15/50, Callable 11/15/23 @ 100*(a) | 204,630 | ||||||
| 228,125 | Wendy's Funding LLC, Series 2019-1A, Class A2I, 3.78%, 6/15/49, Callable 3/15/24 @ 100*(a) | 209,098 | ||||||
| 146,547 | Willis Engine Structured Trust VI, Series 2021-A, Class A, 3.10%, 5/15/46, Callable 5/15/29 @ 100*(a) | 106,715 | ||||||
| Total Asset Backed Securities (Cost $3,313,065) | 2,876,183 | |||||||
| Mortgage Backed Securities† (13.5%) | ||||||||
| Alt-A -Fixed Rate Mortgage Backed Securities (1.5%) | ||||||||
| 44,410 | Chaseflex Trust, Series 2005-2, Class 1A1, 6.00%, 6/25/35, Callable 12/25/22 @ 100* | 30,776 | ||||||
| 2,637 | Countrywide Alternative Loan Trust, Series 2005-3CB, Class 1A4, 5.25%, 3/25/35, Callable 12/25/22 @ 100* | 2,208 | ||||||
| 7,814 | Countrywide Alternative Loan Trust, Series 2004-5CB, Class 1A1, 6.00%, 5/25/34, Callable 12/25/22 @ 100* | 7,605 | ||||||
| 62,032 | Countrywide Alternative Loan Trust, Series 2006-J8, Class A2, 6.00%, 2/25/37, Callable 12/25/22 @ 100* | 27,977 | ||||||
| 6,437 | Master Alternative Loans Trust, Series 2004-1, Class 4A1, 5.50%, 2/25/34, Callable 12/25/22 @ 100* | 6,034 | ||||||
| 3,768 | Master Alternative Loans Trust, Series 2004-13, Class 12A1, 5.50%, 12/25/19, Callable 12/25/22 @ 100* | 2,663 | ||||||
| 6,839 | Master Alternative Loans Trust, Series 2004-4, Class 1A1, 5.50%, 5/25/34, Callable 12/25/22 @ 100* | 6,461 | ||||||
| Shares
or Principal Amount | Security Description | Value | ||||||
| Mortgage Backed Securities†, continued: | ||||||||
| Alt-A -Fixed Rate Mortgage Backed Securities, continued: | ||||||||
| $ | 147 | Master Alternative Loans Trust, Series 2005-1, Class 5A1, 5.50%, 1/25/20, Callable 12/25/22 @ 100* | $ | 123 | ||||
| 12,871 | Master Alternative Loans Trust, Series 2004-6, Class 7A1, 6.00%, 7/25/34, Callable 12/25/22 @ 100* | 11,895 | ||||||
| 6,434 | Master Alternative Loans Trust, Series 2003-7, Class 6A1, 6.50%, 12/25/33, Callable 12/25/22 @ 100* | 6,255 | ||||||
| 11,254 | Master Alternative Loans Trust, Series 2004-4, Class 8A1, 6.50%, 5/25/34, Callable 12/25/22 @ 100* | 10,588 | ||||||
| 20,782 | Master Alternative Loans Trust, Series 2004-6, Class 6A1, 6.50%, 7/25/34, Callable 12/25/22 @ 100* | 19,655 | ||||||
| 380 | Nomura Asset Acceptance Corp., Series 2005-WF1, Class 2A5, 5.66%, 3/25/35, Callable 12/25/22 @ 100*(b)(c) | 367 | ||||||
| 31,906 | Ocwen Residential MBS Corp., Series 1998-R1, Class B1, 3.02%, 10/25/40, Callable 12/25/22 @ 100*(a)(b) | 20,990 | ||||||
| 2 | Residential Accredit Loans, Inc., Series 2003-QS18, Class A1, 5.00%, 9/25/18, Callable 12/25/22 @ 100* | 2 | ||||||
| 20,948 | Residential Accredit Loans, Inc., Series 2006-QS12, Class 1A2, 6.50%, 9/25/36, Callable 12/25/22 @ 100* | 9,921 | ||||||
| 33,909 | Residential Asset Securitization Trust, Series 2005-A14, Class A5, 5.50%, 12/25/35, Callable 12/25/22 @ 100* | 17,105 | ||||||
| 40,022 | Residential Asset Securitization Trust, Series 2006-A8, Class 1A1, 6.00%, 8/25/36, Callable 12/25/22 @ 100* | 26,198 | ||||||
| 30,917 | Washington Mutual Mortgage Pass-Through Certificates, Series 2005-6, Class 1CB, 6.50%, 8/25/35, Callable 12/25/22 @ 100* | 26,487 | ||||||
| 233,310 | ||||||||
| Prime Adjustable Rate Mortgage Backed Securities (2.8%) | ||||||||
| 4,227 | Banc of America Funding Trust, Series 2004-B, Class 5A1, 4.08%, 11/20/34, Callable 12/20/22 @ 100*(b) | 3,991 | ||||||
| 2,652 | Bear Stearns ARM Trust, Series 2004-9, Class 12A3, 3.84%, 11/25/34, Callable 12/25/22 @ 100*(b) | 2,634 | ||||||
| 1,123 | Bear Stearns ARM Trust, Series 2003-7, Class 4A, 3.92%, 10/25/33, Callable 12/25/22 @ 100*(b) | 1,119 | ||||||
| 10,052 | CHL Mortgage Pass-Through Trust, Series 2004-2, Class 2A1, 2.75%, 2/25/34, Callable 12/25/22 @ 100*(b) | 8,534 | ||||||
| 9,017 | HomeBanc Mortgage Trust, Series 2006-1, Class 1A1, 2.72%, 4/25/37, Callable 12/25/22 @ 100*(b) | 7,307 | ||||||
| 2,600 | JPMorgan Mortgage Trust, Series 2006-A2, Class 2A1, 3.03% (US0003M + 101 bps), 4/25/36, Callable 12/25/22 @ 100* | 2,198 | ||||||
| 15,500 | JPMorgan Mortgage Trust, Series 2005-A1, Class 3A4, 3.53%, 2/25/35, Callable 12/25/22 @ 100*(b) | 14,390 | ||||||
| 13,854 | JPMorgan Mortgage Trust, Series 2006-A6, Class 1A4L, 3.64%, 10/25/36, Callable 12/25/22 @ 100*(b) | 10,362 | ||||||
See notes to schedule of portfolio of investments.
- 7 -
| Schedule of Portfolio Investments | Moderate Duration Fund |
| November 30, 2022 (Unaudited) | Continued |
| Shares
or Principal Amount | Security Description | Value | ||||||
| Mortgage Backed Securities†, continued: | ||||||||
| Prime Adjustable Rate Mortgage Backed Securities, continued: | ||||||||
| $ | 170,886 | JPMorgan Mortgage Trust, Series 2005-A6, Class 3A3, 4.18%, 9/25/35, Callable 12/25/22 @ 100*(b) | $ | 151,041 | ||||
| 149,917 | LSTAR Securities Investment, Ltd., Series 2019-4, Class A1, 7.62% (US0001M + 350 bps), 5/1/24(a) | 148,418 | ||||||
| 113,362 | WinWater Mortgage Loan Trust, Series 2014-1, Class A1, 3.91%, 6/20/44, Callable 12/20/22 @ 100*(a)(b) | 105,022 | ||||||
| 455,016 | ||||||||
| Prime Fixed Mortgage Backed Securities (4.2%) | ||||||||
| 2,044 | American Home Mortgage Investment Trust, Series 2005-2, Class 5A1, 5.56%, 9/25/35, Callable 12/25/22 @ 100*(b)(c) | 1,710 | ||||||
| 70,392 | Angel Oak Mortgage Trust, Series 2019-5, Class A1, 2.59%, 10/25/49, Callable 12/25/22 @ 100*(a)(b) | 65,975 | ||||||
| 12,205 | Chase Mortgage Finance Corp., Series 2007-S2, Class 2A1, 5.50%, 3/25/37, Callable 12/25/22 @ 100* | 1,030 | ||||||
| 5,318 | Citigroup Mortgage Loan Trust, Inc., Series 2005-1, Class 3A1, 6.50%, 4/25/35 | 5,063 | ||||||
| 5,048 | Citigroup Mortgage Loan Trust, Inc., Series 2004-NCM1, Class 1A3, 6.75%, 7/25/34, Callable 12/25/22 @ 100* | 4,794 | ||||||
| 372 | Countrywide Home Loans, Series 2004-J6, Class 1A2, 5.25%, 8/25/24, Callable 12/25/22 @ 100* | 365 | ||||||
| 6,541 | Countrywide Home Loans, Series 2005-29, Class A1, 5.75%, 12/25/35, Callable 12/25/22 @ 100* | 3,445 | ||||||
| 4,015 | Credit Suisse First Boston Mortgage Securities Corp., Series 2004-1, Class 4A1, 5.00%, 2/25/19, Callable 12/25/22 @ 100* | 3,638 | ||||||
| 10,064 | Credit Suisse First Boston Mortgage Securities Corp., Series 2003-27, Class 8A1, 6.00%, 11/25/33, Callable 12/25/22 @ 100* | 9,472 | ||||||
| 214,496 | Flagstar Mortgage Trust, Series 2021-4, Class A5, 2.50%, 6/1/51, Callable 12/25/41 @ 100*(a) (b) | 183,294 | ||||||
| 11,781 | Galton Funding Mortgage Trust, Series 2017-1, Class A21, 3.50%, 7/25/56, Callable 3/25/26 @ 100*(a)(b) | 10,875 | ||||||
| 124,952 | GS Mortgage-Backed Securities Corp. Trust, Series 2020-PJ3, Class A14, 3.00%, 10/25/50, Callable 12/25/43 @ 100*(a)(b) | 103,811 | ||||||
| 132,987 | GSR Mortgage Loan Trust, Series 2004-13F, Class 2A1, 4.25%, 11/25/34, Callable 12/25/22 @ 100* | 121,571 | ||||||
| 96 | GSR Mortgage Loan Trust, Series 2004-10F, Class 2A4, 5.00%, 8/25/19, Callable 12/25/22 @ 100* | 95 | ||||||
| 446 | GSR Mortgage Loan Trust, Series 2003-2F, Class 3A1, 6.00%, 3/25/32, Callable 12/25/22 @ 100* | 420 | ||||||
| 1,007 | Prime Mortgage Trust, Series 2004-CL1, Class 1A1, 6.00%, 2/25/34, Callable 12/25/22 @ 100* | 964 | ||||||
| 20,341 | RAMP Trust, Series 2005-SL2, Class A3, 7.00%, 2/25/32, Callable 1/25/29 @ 100* | 16,021 | ||||||
| Shares
or Principal Amount | Security Description | Value | ||||||
| Mortgage Backed Securities†, continued: | ||||||||
| Prime Fixed Mortgage Backed Securities, continued: | ||||||||
| $ | 7,262 | Structured Asset Mortgage Investments, Inc., Series 1999-2, Class 3A, 6.75%, 5/25/29, Callable 12/25/22 @ 100* | $ | 6,869 | ||||
| 42 | Structured Asset Securities Corp., Series 1997-2, Class 2A4, 7.25%, 3/28/30, Callable 12/28/22 @ 100* | 40 | ||||||
| 676 | Washington Mutual Mortgage Pass-Through Certificates, Series 2003-S11, Class 1A, 5.00%, 11/25/33, Callable 12/25/22 @ 100* | 641 | ||||||
| 239 | Washington Mutual Mortgage Pass-Through Certificates, Series 2004-RA1, Class 2A, 7.00%, 3/25/34, Callable 2/25/23 @ 100* | 229 | ||||||
| 153,412 | Wells Fargo Mortgage Backed Securities Trust, Series 2021-2, Class A3, 2.50%, 6/25/51, Callable 8/25/38 @ 100*(a)(b) | 131,191 | ||||||
| 671,513 | ||||||||
| Subprime Mortgage Backed Securities (0.7%) | ||||||||
| 32,413 | Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00%, 1/25/58, Callable 2/25/25 @ 100*(a)(b) | 31,155 | ||||||
| 85,011 | Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25%, 3/25/58, Callable 10/25/26 @ 100*(a)(b) | 81,052 | ||||||
| 112,207 | ||||||||
| U.S. Government Agency Mortgage Backed Securities (4.3%) | ||||||||
| 1,715 | Fannie Mae, 2.11% (US0012M + 186 bps), 1/1/37, Pool #906675 | 1,672 | ||||||
| 56,969 | Fannie Mae, Series 2010-100, Class LA, 2.50%, 7/25/40 | 53,108 | ||||||
| 51,971 | Fannie Mae, Series 2014-61, Class P, 2.50%, 7/25/44 | 47,548 | ||||||
| 25,466 | Fannie Mae, Series 2015-12, Class PC, 2.50%, 7/25/44 | 24,344 | ||||||
| 107,322 | Fannie Mae, Series 2015-59, Class LM, 3.00%, 7/25/45 | 98,215 | ||||||
| 103,507 | Fannie Mae, Series 2018-M12, Class A1, 3.55%, 8/25/30 | 100,720 | ||||||
| 1,365 | Fannie Mae, 3.88% (US0012M + 163 bps), 9/1/33, Pool #739372 | 1,342 | ||||||
| 82 | Fannie Mae, 6.00%, 4/1/35, Pool #735503 | 85 | ||||||
| 557 | Fannie Mae, Series 2001-55, Class PC, 6.50%, 10/25/31 | 574 | ||||||
| 8,516 | Fannie Mae, Series 2003-W2, Class 1A2, 7.00%, 7/25/42, Callable 12/25/22 @ 100* | 8,953 | ||||||
| 304 | Fannie Mae, Series 2002-T1, Class A3, 7.50%, 11/25/31, Callable 12/25/22 @ 100* | 318 | ||||||
| 53,413 | Freddie Mac, Series 4220, Class KC, 1.50%, 5/15/32 | 50,620 | ||||||
| 29,660 | Freddie Mac, Series 4076, Class QC, 2.00%, 11/15/41 | 28,136 | ||||||
| 44,361 | Freddie Mac, Series 4461, Class EA, 2.00%, 7/15/37 | 42,232 | ||||||
| 170,210 | Freddie Mac, Series 3908, Class B, 2.50%, 6/15/39 | 153,647 | ||||||
| 6,532 | Freddie Mac, 5.37% (H15T1Y + 225 bps), 8/1/34, Pool #755230 | 6,365 | ||||||
| 230 | Freddie Mac, Series 1714, Class K, 7.00%, 4/15/24, Callable 1/15/23 @ 100* | 230 | ||||||
| 515 | Freddie Mac, Series 1904, Class D, 7.50%, 10/15/26, Callable 1/15/23 @ 100* | 525 | ||||||
See notes to schedule of portfolio of investments.
- 8 -
| Schedule of Portfolio Investments | Moderate Duration Fund |
| November 30, 2022 (Unaudited) | Continued |
| Shares
or Principal Amount | Security Description | Value | ||||||
| Mortgage Backed Securities†, continued: | ||||||||
| U.S. Government Agency Mortgage Backed Securities, continued: | ||||||||
| $ | 68,839 | Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42 | $ | 61,241 | ||||
| 3,094 | Government National Mortgage Assoc., Series 2010-98, Class MG, 3.00%, 8/20/39 | 3,082 | ||||||
| 3,233 | Government National Mortgage Assoc., 7.00%, 3/15/26, Pool #419128 | 3,232 | ||||||
| 36 | Government National Mortgage Assoc., 7.00%, 3/20/27, Pool #2394 | 37 | ||||||
| 53 | Government National Mortgage Assoc., 8.00%, 10/20/24, Pool #1884 | 54 | ||||||
| 26 | Government National Mortgage Assoc., 8.00%, 2/20/26, Pool #2171 | 27 | ||||||
| 594 | Government National Mortgage Assoc., 8.00%, 4/20/26, Pool #2205 | 600 | ||||||
| 2,100 | Government National Mortgage Assoc., 8.00%, 5/20/26, Pool #2219 | 2,133 | ||||||
| 689,040 | ||||||||
| Total Mortgage Backed Securities (Cost $2,435,758) | 2,161,086 | |||||||
| Corporate Bonds (24.1%) | ||||||||
| Aerospace & Defense (1.3%) | ||||||||
| 225,000 | Boeing Co. (The), 3.25%, 2/1/28, Callable 1/12/27 @ 100* | 205,034 | ||||||
| Airlines (1.3%) | ||||||||
| 205,500 | United Airlines Pass Through Trust, Series 2020-1, Class A, 5.88%, 10/15/27 | 202,904 | ||||||
| Banks (2.8%) | ||||||||
| 310,000 | Bank of America Corp., 1.90% (SOFR + 153 bps), 7/23/31, Callable 7/23/30 @ 100, MTN * | 240,896 | ||||||
| 250,000 | Wells Fargo & Co., 2.88% (TSFR3M + 143 bps), 10/30/30, Callable 10/30/29 @ 100, MTN * | 214,364 | ||||||
| 455,260 | ||||||||
| Capital Markets (1.7%) | ||||||||
| 290,000 | Goldman Sachs Group, Inc., 3.50%, 11/16/26, Callable 11/16/25 @ 100 * | 275,446 | ||||||
| Diversified Telecommunication Services (1.8%) | ||||||||
| 310,000 | AT&T, Inc., 4.35%, 3/1/29, Callable 1/12/28 @ 100 * | 296,580 | ||||||
| Electric Utilities (1.6%) | ||||||||
| 275,000 | Entergy Mississippi LLC, 3.25%, 12/1/27, Callable 1/9/27 @ 100 * | 250,093 | ||||||
| Electrical Equipment (1.3%) | ||||||||
| 250,000 | Emerson Electric Co., 2.20%, 12/21/31, Callable 9/21/31 @ 100 * | 204,266 | ||||||
| Financial Services (0.3%) | ||||||||
| 43,371 | JBG/Rockville NCI Campus LLC, Series 2010-A, 3.90%, 7/15/23 (a) | 43,313 | ||||||
| Food Products (1.7%) | ||||||||
| 300,000 | Mars, Inc., 3.20%, 4/1/30, Callable 1/1/30 @ 100 *(a) | 269,883 | ||||||
| Health Care Providers & Services (3.3%) | ||||||||
| 225,000 | Ascension Health, Series B, 2.53%, 11/15/29, Callable 8/15/29 @ 100 * | 194,313 | ||||||
| 370,000 | Sutter Health, 3.70%, 8/15/28, Callable 5/15/28 @ 100 * | 341,947 | ||||||
| 536,260 | ||||||||
| Hotels, Restaurants & Leisure (1.0%) | ||||||||
| 180,000 | Hyatt Hotels Corp., 4.38%, 9/15/28, Callable 6/15/28 @ 100 * | 164,412 | ||||||
| Household Durables (2.4%) | ||||||||
| 400,000 | Harman International Industries, Inc., 4.15%, 5/15/25, Callable 2/15/25 @ 100 * | 391,146 | ||||||
| Shares
or Principal Amount | Security Description | Value | ||||||
| Corporate Bonds, continued: | ||||||||
| Insurance (1.8%) | ||||||||
| $ | 300,000 | Jackson National Life Global Funding, 2.65%, 6/21/24 (a) | $ | 286,255 | ||||
| Semiconductors & Semiconductor Equipment (1.8%) | ||||||||
| 24,000 | Broadcom, Inc., 3.19%, 11/15/36, Callable 8/15/36 @ 100 *(a) | 17,389 | ||||||
| 301,000 | Broadcom, Inc., 4.15%, 11/15/30, Callable 8/15/30 @ 100 * | 269,465 | ||||||
| 286,854 | ||||||||
| Total Corporate Bonds (Cost $4,450,386) | 3,867,706 | |||||||
| Taxable Municipal Bonds (7.7%) | ||||||||
| Arizona (1.5%) | ||||||||
| 250,000 | City of Glendale Arizona, Certificate participation, 0.90%, 7/1/24 | 234,775 | ||||||
| Colorado (1.7%) | ||||||||
| 150,000 | Colorado Housing and Finance Authority Revenue, Series I-1, Class I, 0.86%, 11/1/23, GNMA: GOV. NATL MTGE ASSOCIATION | 144,331 | ||||||
| 150,000 | Colorado Housing and Finance Authority Revenue, Series I-1, Class I, 1.11%, 5/1/25, GNMA: GOV. NATL MTGE ASSOCIATION | 137,527 | ||||||
| 281,858 | ||||||||
| New York (1.7%) | ||||||||
| 300,000 | New York City Housing Development Corp. Revenue, Series L, 2.84%, 11/1/28, Continuously Callable @ 100 | 270,716 | ||||||
| Rhode Island (2.4%) | ||||||||
| 400,000 | Rhode Island Convention Center Authority Revenue, 3.15%, 5/15/25 | 383,149 | ||||||
| Wisconsin (0.4%) | ||||||||
| 65,000 | Public Financial Authority Revenue, 4.45%, 10/1/25, Insured by: AGC(a) | 64,198 | ||||||
| Total Taxable Municipal Bonds (Cost $1,316,154) | 1,234,696 | |||||||
| U.S. Government Agency Securities (7.4%) | ||||||||
| Federal Farm Credit Banks | ||||||||
| 240,000 | 1.32%, 9/9/30, Callable 12/15/22 @ 100 * | 192,389 | ||||||
| 250,000 | 2.32%, 1/26/32, Callable 1/26/23 @ 100 * | 210,182 | ||||||
| 402,571 | ||||||||
| Federal Home Loan Banks | ||||||||
| 250,000 | 0.88%, 8/16/28, Callable 2/16/23 @ 100 *(b) | 216,103 | ||||||
| 220,000 | 1.25%, 3/17/31, Callable 12/17/22 @ 100 *(b) | 183,505 | ||||||
| 200,000 | 1.38%, 10/28/31, Callable 1/28/23 @ 100 *(b) | 164,229 | ||||||
| 225,000 | 2.50%, 4/25/25, Callable 1/25/23 @ 100 *(b) | 219,827 | ||||||
| 783,664 | ||||||||
| Total U.S. Government Agency Securities (Cost $1,271,423) | 1,186,235 | |||||||
| U.S. Treasury Obligations (27.7%) | ||||||||
| U.S. Treasury Notes | ||||||||
| 400,000 | 3.13%, 8/31/29 | 383,938 | ||||||
| 899,000 | 4.13%, 9/30/27 | 908,622 | ||||||
| 1,224,000 | 4.13%, 11/15/32 | 1,266,840 | ||||||
| 1,881,000 | 4.25%, 9/30/24 | 1,874,093 | ||||||
| Total U.S. Treasury Obligations (Cost $4,428,767) | 4,433,493 | |||||||
See notes to schedule of portfolio of investments.
- 9 -
| Schedule of Portfolio Investments | Moderate Duration Fund |
| November 30, 2022 (Unaudited) | Concluded |
| Shares
or Principal Amount | Security Description | Value | ||||||
| Investment in Affiliates (10.4%) | ||||||||
| 1,670,873 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 3.67%(d) | $ | 1,670,873 | |||||
| Total Investment in Affiliates (Cost $1,670,873) | 1,670,873 | |||||||
| Total Investments (Cost $18,886,426) — 108.8% | 17,430,272 | |||
| Liabilities in excess of other assets — (8.8)% | (1,403,279 | ) | ||
| Net Assets -100.0% | $ | 16,026,993 |
| (a) | Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed liquid according to the policies and procedures adopted by the Board of Trustees. |
| (b) | The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at November 30, 2022. |
| (c) | Step Bond: Coupon rate is set for an initial period and then increased to a higher coupon rate at a specified date. The rate shown is the rate in effect at November 30, 2022. |
| (d) | Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 2022. |
| * | Represents next call date. Additional subsequent call dates and amounts may apply to this security. |
| † | Mortgage backed securities are classified based on the characteristics of their underlying collateral, the fixed vs. variable nature of the obligations, and the credit standing of the mortgagors. The fixed or variable rate nature of securities interest payments to which the fund is entitled may not coincide with the payment nature of the collateral underlying the securities. |
| AGC | Assured Guaranty Corporation |
| GNMA | Government National Mortgage Association |
| H15T1Y | 1 Year Treasury Constant Maturity Rate |
| LIBOR | London Interbank Offered Rate |
| MTN | Medium Term Note |
| SOFR | Secured Overnight Financing Rate |
| US0001M | 1 Month US Dollar LIBOR |
| US0003M | 3 Month US Dollar LIBOR |
| US0012M | 12 Month US Dollar LIBOR |
See notes to schedule of portfolio of investments.
- 10 -
| Schedule of Portfolio Investments | Bond Fund |
| November 30, 2022 (Unaudited) |
| Shares
or Principal Amount | Security Description | Value | ||||||
| Asset Backed Securities (13.5%) | ||||||||
| $ | 825,000 | Aligned Data Centers Issuer LLC, Series 2021-1A, Class A2, 1.94%, 8/15/46, Callable 8/15/24 @ 100*(a) | $ | 696,143 | ||||
| 17,033 | Bear Stearns Asset Backed Securities, Inc., Series 2003-AC7, Class A1, 5.50%, 1/25/34, Callable 12/25/22 @ 100*(b)(c) | 14,184 | ||||||
| 490,105 | BRE Grand Islander Timeshare Issuer LLC, Series 2019-A, Class B, 3.78%, 9/26/33, Callable 5/25/26 @ 100*(a) | 458,512 | ||||||
| 1,100,000 | CoreVest American Finance Trust, Series 2021-2,Class B, 2.38%, 7/15/54, Callable 7/15/31 @ 100*(a) | 832,884 | ||||||
| 990,000 | DB Master Finance LLC, Series 2021-1A, Class A2I, 2.05%, 11/20/51, Callable 5/20/24 @100*(a) | 848,056 | ||||||
| 98,500 | Domino's Pizza Master Issuer LLC, Series 2021-1A, Class A2I, 2.66%, 4/25/51, Callable 10/25/25@100*(a) | 80,602 | ||||||
| 1,490,000 | Flexential Issuer, Series 2021-1A, Class A2, 3.25%, 11/27/51, Callable 11/25/25 @ 100*(a) | 1,293,777 | ||||||
| 1,500,000 | Hi-Fi Music Ip Issuer II L.P, Series 2022-1A, Class A2, 3.94%, 2/1/62, Callable 1/2/23 @ 100*(a) | 1,343,629 | ||||||
| 968,035 | Horizon Aircraft Finance III, Ltd., Series 2019-2, Class A, 3.43%, 11/15/39(a) | 740,717 | ||||||
| 664,875 | Jack In The Box Funding LLC, Series 2022-1A, Class A2I, 3.45%, 2/26/52, Callable 2/25/25 @ 100*(a) | 578,078 | ||||||
| 928,477 | Longtrain Leasing III LLC, Series 2015-1A, Class A2, 4.06%, 1/15/45(a) | 856,955 | ||||||
| 641,507 | MVW LLC, Series 2019-2A, Class A, 2.22%, 10/20/38, Callable 9/20/25 @ 100*(a) | 604,899 | ||||||
| 515,000 | Sabey Data Center Issuer LLC, Series 2020-1, Class A2, 3.81%, 4/20/45, Callable 11/20/23 @ 100*(a) | 479,763 | ||||||
| 1,036,150 | Sonic Capital LLC, Series 2020-1A, Class A2I, 3.85%, 1/20/50, Callable 1/20/24 @ 100*(a) | 915,932 | ||||||
| 914,375 | Stack Infrastructure Issuer LLC, Series 2019-1A, Class A2, 4.54%, 2/25/44, Callable 2/25/23 @ 100*(a) | 892,698 | ||||||
| 18,159 | Structured Asset Securities Corp., Series 2003-AL2, Class A, 3.36%, 1/25/31, Callable 12/25/22 @ 100*(a) | 16,632 | ||||||
| 643,200 | Taco Bell Funding LLC, Series 2018-1A, Class A2II, 4.94%, 11/25/48, Callable 11/25/25 @ 100*(a) | 596,279 | ||||||
| 791,532 | Textainer Marine Containers VIII, Ltd., Series 2AA, Class A, 2.10%, 9/20/45, Callable 12/20/22 @ 100*(a) | 686,019 | ||||||
| 900,812 | TIF Funding II LLC, Series 2021-1A, Class A, 1.65%, 2/20/46, Callable 2/20/23 @ 100*(a) | 735,818 | ||||||
| 466,518 | TRP-TRIP Rail Master Funding LLC, Series 2021-2, Class A, 2.15%, 6/19/51, Callable 6/17/23 @ 100*(a) | 396,669 | ||||||
| 90,835 | VR Funding LLC, Series 2020-1A, Class A, 2.79%, 11/15/50, Callable 11/15/23 @ 100*(a) | 79,934 | ||||||
| 1,095,000 | Wendy's Funding LLC, Series 2019-1A, Class A2I, 3.78%, 6/15/49, Callable 3/15/24 @ 100*(a) | 1,003,670 | ||||||
| Shares
or Principal Amount | Security Description | Value | ||||||
| Asset Backed Securities, continued: | ||||||||
| $ | 682,201 | Willis Engine Structured Trust III, Series 17, Class A, 4.69%, 8/15/42, Callable 7/15/27 @ 100*(a)(b) | $ | 559,499 | ||||
| 879,283 | Willis Engine Structured Trust VI, Series 2021-A, Class A, 3.10%, 5/15/46, Callable 5/15/29 @ 100*(a) | 640,290 | ||||||
| 523,375 | ZAXBY'S Funding LLC, Series 2021-1A, Class A2, 3.24%, 7/30/51, Callable 7/30/25 @ 100*(a) | 428,584 | ||||||
| Total Asset Backed Securities (Cost $18,323,012) | 15,780,223 | |||||||
| Mortgage Backed Securities† (10.3%) | ||||||||
| Alt-A - Adjustable Rate Mortgage Backed Securities (0.0%^) | ||||||||
| 53,493 | Bear Stearns Alternative-A Trust, Series 2006-6, Class 32A1, 3.58%, 11/25/36, Callable 5/25/29 @ 100*(b) | 28,282 | ||||||
| 2,836 | JPMorgan Alternative Loan Trust, Series 2006-S4, Class A6, 6.21%, 12/25/36, Callable 12/25/22 @100*(b)(c) | 2,699 | ||||||
| 30,981 | ||||||||
| Alt-A - Fixed Rate Mortgage Backed Securities (0.9%) | ||||||||
| 6,323 | Bank of America Alternative Loan Trust, Series 2006-4, Class CB1, 6.50%, 5/25/46, Callable 12/25/22 @ 100* | 5,505 | ||||||
| 26,647 | Chaseflex Trust, Series 2005-2, Class 1A1, 6.00%, 6/25/35, Callable 12/25/22 @ 100* | 18,466 | ||||||
| 20,765 | Chaseflex Trust, Series 2007-1, Class 1A3, 6.50%, 2/25/37, Callable 12/25/22 @ 100* | 7,521 | ||||||
| 42,343 | Countrywide Alternative Loan Trust, Series 2005-46CB, Class A3, 5.50%, 10/25/35, Callable 12/25/22 @ 100* | 30,861 | ||||||
| 5,738 | Countrywide Alternative Loan Trust, Series 2004-22CB, Class 1A1, 6.00%, 10/25/34, Callable 12/25/22 @ 100* | 5,713 | ||||||
| 21,174 | Countrywide Alternative Loan Trust, Series 2006-8T1, Class 1A4, 6.00%, 4/25/36, Callable 12/25/22 @ 100* | 10,197 | ||||||
| 146,021 | Countrywide Alternative Loan Trust, Series 2007-9T1, Class 1A7, 6.00%, 5/25/37, Callable 12/25/22 @ 100* | 74,837 | ||||||
| 175,008 | Countrywide Alternative Loan Trust, Series 2006-36T2, Class 2A4, 6.25%, 12/25/36, Callable 12/25/22 @ 100* | 78,821 | ||||||
| 10,985 | Master Alternative Loans Trust, Series 2005-3, Class 1A1, 5.50%, 4/25/35, Callable 10/25/25 @ 100* | 9,975 | ||||||
| 35,299 | Master Alternative Loans Trust, Series 2004-3, Class 3A1, 6.00%, 4/25/34, Callable 12/25/22 @ 100* | 34,049 | ||||||
| 12,871 | Master Alternative Loans Trust, Series 2004-6, Class 7A1, 6.00%, 7/25/34, Callable 12/25/22 @ 100* | 11,895 | ||||||
| 13,200 | Master Alternative Loans Trust, Series 2005-3, Class 7A1, 6.00%, 4/25/35, Callable 5/25/24 @ 100* | 10,952 | ||||||
| 720 | Master Alternative Loans Trust, Series 2003-7, Class 5A1, 6.25%, 11/25/33, Callable 12/25/22 @ 100* | 706 | ||||||
| 5,759 | Master Alternative Loans Trust, Series 2004-3, Class 2A1, 6.25%, 4/25/34, Callable 12/25/22 @ 100* | 5,595 | ||||||
See notes to schedule of portfolio of investments.
- 11 -
| Schedule of Portfolio Investments | Bond Fund |
| November 30, 2022 (Unaudited) | Continued |
| Shares or | ||||||||
| Principal | ||||||||
| Amount | Security Description | Value | ||||||
| Mortgage Backed Securities†, continued: | ||||||||
| Alt-A - Fixed Rate Mortgage Backed Securities, continued: | ||||||||
| $ | 690,466 | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C11, Class A3, 3.96%, 8/15/46, Callable 8/15/23 @ 100* | $ | 683,892 | ||||
| 988,985 | ||||||||
| Prime Adjustable Rate Mortgage Backed Securities (2.3%) | ||||||||
| 418,271 | GS Mortgage-Backed Securities Trust, Series 2021-GR2, Class A6, 2.50%, 2/25/52, Callable 1/25/42 @ 100*(a)(b) | 357,012 | ||||||
| 904,464 | GS Mortgage-Backed Securities Trust, Series 2021-PJ7, Class A8, 2.50%, 1/25/52, Callable 4/25/45 @ 100*(a)(b) | 773,458 | ||||||
| 3,583 | JPMorgan Mortgage Trust, Series 2006-A4, Class 3A1, 3.27%, 6/25/36, Callable 12/25/22 @ 100*(b) | 2,547 | ||||||
| 107,221 | JPMorgan Mortgage Trust, Series 2005-A6, Class 2A4, 4.24%, 8/25/35, Callable 12/25/22 @ 100*(b) | 97,981 | ||||||
| 713,890 | LSTAR Securities Investment, Ltd., Series 2019-4, Class A1, 7.62% (US0001M + 350 bps), 5/1/24(a) | 706,751 | ||||||
| 9,227 | Merrill Lynch Mortgage Investors Trust, Series 2004-HB1, Class A3, 3.67%, 4/25/29, Callable 12/25/22 @ 100*(b) | 8,271 | ||||||
| 865,957 | Starwood Mortgage Residential Trust, Series 2021-5, Class A1, 1.92%, 9/25/66, Callable 10/25/24 @ 100*(a)(b) | 693,526 | ||||||
| 3,708 | Structured Adjustable Rate Mortgage Loan Trust, Series 2006-5, Class 4A1, 3.60%, 6/25/36, Callable 12/25/22 @ 100*(b) | 2,457 | ||||||
| 2,642,003 | ||||||||
| Prime Fixed Mortgage Backed Securities (4.3%) | ||||||||
| 285,980 | Arroyo Mortgage Trust, Series 2019-3, Class A1, 2.96%, 10/25/48, Callable 12/25/22 @ 100*(a)(b) | 261,319 | ||||||
| 2,327 | Chase Mortgage Finance Corp., Series 2002-S4, Class A23, 6.25%, 3/25/32, Callable 12/25/22 @ 100* | 2,109 | ||||||
| 97,441 | Chaseflex Trust, Series 2006-2, Class A5, 4.45%, 9/25/36, Callable 12/25/22 @ 100*(b) | 85,238 | ||||||
| 1,257,322 | CIM Trust, Series 2021-J2, Class A4, 2.50%, 4/25/51, Callable 9/25/40 @ 100*(a)(b) | 1,075,207 | ||||||
| 14,462 | Citigroup Mortgage Loan Trust, Inc., Series 2005-1, Class 3A1, 6.50%, 4/25/35 | 13,768 | ||||||
| 2,000 | Countrywide Home Loans, Series 2004-8, Class 1A3, 5.50%, 7/25/34, Callable 12/25/22 @ 100* | 1,872 | ||||||
| 3,151 | Countrywide Home Loans, Series 2004-18, Class A1, 6.00%, 10/25/34, Callable 12/25/22 @ 100* | .2,955 | ||||||
| 3,041 | Countrywide Home Loans, Series 2004-21, Class A10, 6.00%, 11/25/34, Callable 12/25/22 @ 100* | 2,737 | ||||||
| 92,134 | Credit Suisse First Boston Mortgage Securities Corp., Series 2005-9, Class 3A1, 6.00%, 10/25/35, Callable 12/25/22 @ 100* | 30,628 | ||||||
| 101 | First Nationwide Trust, Series 2001-3, Class 1A1, 6.75%, 8/21/31 | 94 | ||||||
| 732 | GMAC Mortgage Corp. Loan Trust, Series 2003-GH2, Class A4, 5.50%, 10/25/33, Callable 12/25/22 @ 100*(b)(c) | 717 | ||||||
| Shares or | ||||||||
| Principal | ||||||||
| Amount | Security Description | Value | ||||||
| Mortgage Backed Securities†, continued: | ||||||||
| Prime Fixed Mortgage Backed Securities, continued: | ||||||||
| $ | 894,543 | GS Mortgage-Backed Securities Trust 2022-Mm1, Series 2022-MM1, Class A8, 2.50%, 7/25/52, Callable 4/25/39 @ 100*(a)(b) | $ | 759,383 | ||||
| 12,359 | JPMorgan Mortgage Trust, Series 2006-A2, Class 3A2, 2.75%, 4/25/36, Callable 12/25/22 @ 100*(b) | 10,316 | ||||||
| 992,371 | JPMorgan Mortgage Trust, Series 2019-6, Class A5, 3.50%, 12/25/49, Callable 4/25/23 @ 100*(a)(b) | 896,140 | ||||||
| 16,922 | JPMorgan Mortgage Trust, Series 2004-S2, Class 4A5, 6.00%, 11/25/34, Callable 12/25/22 @ 100* | 14,765 | ||||||
| 848,092 | Mello Mortgage Capital Acceptance Trust, Series 2021-MTG2, Class A10, 2.50%, 6/25/51, Callable 4/25/41 @ 100*(a)(b) | 724,527 | ||||||
| 3,631 | Nomura Asset Acceptance Corp., Series 2003-A1, Class A2, 6.00%, 5/25/33, Callable 12/25/22 @ 100* | 3,438 | ||||||
| 85,262 | RAAC, Series 2004-SP2, Class A22, 6.00%, 1/25/32, Callable 12/25/22 @ 100* | 74,203 | ||||||
| 36,540 | TBW Mortgage Backed Pass-Through Certificates, Series 2006-2, Class 7A1, 7.00%, 7/25/36, Callable 12/25/22 @ 100* | 4,918 | ||||||
| 161,318 | Washington Mutual Mortgage Pass-Through Certificates, Series 2005-3, Class 1CB5, 5.50%, 5/25/35, Callable 12/25/22 @ 100* | 137,528 | ||||||
| 3,297 | Washington Mutual Mortgage Pass-Through Certificates, Series 2004-CB1, Class 4A, 6.00%, 6/25/34, Callable 12/25/22 @ 100* | 3,154 | ||||||
| 21,450 | Washington Mutual Mortgage Pass-Through Certificates, Series 2004-RA1, Class 2A, 7.00%, 3/25/34, Callable 2/25/23 @ 100* | 20,605 | ||||||
| 681,831 | Wells Fargo Mortgage Backed Securities Trust, Series 2021-2, Class A3, 2.50%, 6/25/51, Callable 8/25/38 @ 100*(a)(b) | 583,072 | ||||||
| 232,159 | Wells Fargo Mortgage Backed Securities Trust, Series 2019-3, Class A1, 3.50%, 7/25/49, Callable 6/25/23 @ 100*(a)(b) | 212,710 | ||||||
| 97,132 | WinWater Mortgage Loan Trust, Series 2015-1, Class A1, 3.50%, 1/20/45, Callable 12/20/22 @ 100*(a)(b) | 87,644 | ||||||
| 5,009,047 | ||||||||
| Subprime Mortgage Backed Securities (0.4%) | ||||||||
| 215,189 | Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75%, 10/25/57, Callable 12/25/25 @ 100*(a)(b) | 204,481 | ||||||
| 86,434 | Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00%, 1/25/58, Callable 2/25/25 @ 100*(a)(b) | 83,079 | ||||||
| 240,865 | Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25%, 3/25/58, Callable 10/25/26 @ | |||||||
| 100*(a)(b) | 229,649 | |||||||
| 517,209 | ||||||||
| U.S. Government Agency Mortgage Backed Securities (2.4%) | ||||||||
| 243,160 | Fannie Mae, Series 2012-111, Class EC, 2.00%, 12/25/41 | 219,640 | ||||||
| 108,629 | Fannie Mae, Series 2013-23, Class AB, 2.00%, 2/25/43 | 96,204 | ||||||
| 393,597 | Fannie Mae, Series 2020-54, Class TA, 2.00%, 5/25/43 | 360,856 | ||||||
See notes to schedule of portfolio of investments.
- 12 -
| Schedule of Portfolio Investments | Bond Fund |
| November 30, 2022 (Unaudited) | Continued |
| Shares
or Principal Amount | Security Description | Value | ||||||
| Mortgage Backed Securities†, continued: | ||||||||
| U.S. Government Agency Mortgage Backed Securities, continued: | ||||||||
| $ | 132,565 | Fannie Mae, Series 2012-30, Class CB, 2.25%, 10/25/41 | $ | 121,504 | ||||
| 8,079 | Fannie Mae, 2.43% (H15T1Y + 231 bps), 12/1/27, Pool #422279 | 7,893 | ||||||
| 154,453 | Fannie Mae, Series 2, Class JD, 2.50%, 2/25/50 | 130,264 | ||||||
| 95,199 | Fannie Mae, Series 2010-100, Class LA, 2.50%, 7/25/40 | 88,746 | ||||||
| 157,700 | Fannie Mae, Series 2012-111, Class QC, 2.50%, 5/25/42 | 144,151 | ||||||
| 38,978 | Fannie Mae, Series 2014-61, Class P, 2.50%, 7/25/44 | 35,661 | ||||||
| 205,570 | Fannie Mae, Series 2014-33, Class PE, 3.00%, 4/25/43 | 196,050 | ||||||
| 215,394 | Fannie Mae, Series 2015-59, Class LM, 3.00%, 7/25/45 | 197,118 | ||||||
| 351,923 | Fannie Mae, Series 2018-M12, Class A1, 3.55%, 8/25/30 | 342,448 | ||||||
| 10,184 | Fannie Mae, Series 2002-W11, Class AF5, 4.98%, 11/25/32, Callable 12/25/22 @ 100*(b)(c) | 9,512 | ||||||
| 182 | Fannie Mae, 5.00%, 8/1/33, Pool #730856 | 188 | ||||||
| 87 | Fannie Mae, 5.00%, 7/1/35, Pool #832198 | 89 | ||||||
| 119 | Fannie Mae, 5.50%, 2/1/33, Pool #683351 | 123 | ||||||
| 76 | Fannie Mae, 5.50%, 9/1/34, Pool #725773 | 79 | ||||||
| 941 | Fannie Mae, Series 1998-36, Class ZB, 6.00%, 7/18/28 | 957 | ||||||
| 167 | Fannie Mae, Series 1993-82, Class H, 7.00%, 5/25/23 | 166 | ||||||
| 19,769 | Fannie Mae Whole Loan, Series 2003-W6, Class 6A, 3.57%, 8/25/42, Callable 12/25/22 @ 100*(b) | 18,960 | ||||||
| 74,753 | Freddie Mac, Series 4019, Class GB, 2.00%, 12/15/41 | 68,049 | ||||||
| 81,328 | Freddie Mac, Series 4461, Class EA, 2.00%, 7/15/37 | 77,425 | ||||||
| 159,643 | Freddie Mac, Series 3913, Class PC, 2.50%, 3/15/41 | 153,015 | ||||||
| 1,111 | Freddie Mac, 3.13% (H15T1Y + 213 bps), 4/1/24, Pool #409624 | 1,093 | ||||||
| 96,797 | Freddie Mac, Series 3721, Class PE, 3.50%, 9/15/40 | 91,830 | ||||||
| 35,572 | Freddie Mac, Series 3780, Class MK, 3.50%, 10/15/40 | 33,760 | ||||||
| 250 | Freddie Mac, Series 2610, Class VB, 5.50%, 7/15/24 | 250 | ||||||
| 187 | Freddie Mac, 6.00%, 7/1/35, Pool #A36085 | 191 | ||||||
| 862 | Freddie Mac, Series 2148, Class ZA, 6.00%, 4/15/29 | 876 | ||||||
| 518 | Freddie Mac, 6.50%, 2/1/36, Pool #G08113 | 544 | ||||||
| 5,829 | Freddie Mac, Series 2036, Class PD, 6.50%, 3/15/28 | 6,017 | ||||||
| 149,152 | Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42 | 132,689 | ||||||
| 216,808 | Government National Mortgage Assoc., Series 2009-94, Class KB, 3.00%, 9/16/39 | 207,618 | ||||||
| 87,047 | Government National Mortgage Assoc., Series 2011-46, Class GJ, 3.25%, 1/16/41(b) | 83,289 | ||||||
| 10,887 | Government National Mortgage Assoc., Series 2009-93, Class HG, 4.00%, 9/16/39 | 10,694 | ||||||
| 153 | Government National Mortgage Assoc., 7.00%, 9/15/23, Pool #347688 | 153 | ||||||
| Shares
or Principal Amount | Security Description | Value | ||||||
| Mortgage Backed Securities†, continued: | ||||||||
| U.S. Government Agency Mortgage Backed Securities, continued: | ||||||||
| $ | 2,773 | Government National Mortgage Assoc., 7.00%, 7/15/29, Pool #490215 | $ | 2,811 | ||||
| 533 | Government National Mortgage Assoc., 7.50%, 11/15/23, Pool #354701 | 533 | ||||||
| 2,841,446 | ||||||||
| Total Mortgage Backed Securities (Cost $13,604,128) | 12,029,671 | |||||||
| Corporate Bonds (23.7%) | ||||||||
| Aerospace & Defense (1.4%) | ||||||||
| 1,750,000 | Boeing Co. (The), 3.25%, 2/1/28, Callable 1/12/27 @ 100 * | 1,594,707 | ||||||
| Airlines (1.9%) | ||||||||
| 1,100,407 | Alaska Airlines 2020-1, 4.80%, 8/15/27 (a) | 1,045,368 | ||||||
| 1,182,413 | United Airlines Pass Through Trust, Series 2020-1, Class A, 5.88%, 10/15/27 | 1,167,478 | ||||||
| 2,212,846 | ||||||||
| Banks (3.4%) | ||||||||
| 2,475,000 | Bank of America Corp., 3.31% (SOFR + 158 bps), 4/22/42, Callable 4/22/41 @ 100 * | 1,857,658 | ||||||
| 1,350,000 | JPMorgan Chase & Co., 2.52% (SOFR + 204 bps), 4/22/31, Callable 4/22/30 @ 100 * | 1,113,016 | ||||||
| 1,350,000 | Wells Fargo & Co., 3.07% (SOFR + 253 bps), 4/30/41, Callable 4/30/40 @ 100 * | 989,437 | ||||||
| 3,960,111 | ||||||||
| Beverages (0.6%) | ||||||||
| 800,000 | PepsiCo, Inc., 2.75%, 3/19/30, Callable 12/19/29 @ 100 * | 710,268 | ||||||
| Capital Markets (1.3%) | ||||||||
| 1,600,000 | Goldman Sachs Group, Inc., 3.50%, 11/16/26, Callable 11/16/25 @ 100 * | 1,519,702 | ||||||
| Diversified Financial Services (0.7%) | ||||||||
| 850,000 | Korea Development Bank, 2.75%, 3/19/23 | 845,019 | ||||||
| Electric Utilities (0.8%) | ||||||||
| 1,000,000 | Entergy Mississippi LLC, 3.25%, 12/1/27, Callable 1/9/27 @ 100 * | 909,431 | ||||||
| Electrical Equipment (0.9%) | ||||||||
| 1,250,000 | Emerson Electric Co., 2.20%, 12/21/31, Callable 9/21/31 @ 100 * | 1,021,327 | ||||||
| Equity Real Estate Investment Trusts (REITs) (0.8%) | ||||||||
| 1,100,000 | SBA Tower Trust, 1.88%, 1/15/26, Callable 1/15/25 @ 100 *(a) | 967,401 | ||||||
| Financial Services (0.1%) | ||||||||
| 65,057 | JBG/Rockville NCI Campus LLC, Series 2010-A, 3.90%, 7/15/23 (a) | 64,969 | ||||||
| Food Products (1.8%) | ||||||||
| 1,059,000 | Conagra Brands, Inc., 4.60%, 11/1/25, Callable 1/9/25 @ 100 * | 1,045,279 | ||||||
| 320,000 | Mars, Inc., 0.88%, 7/16/26, Callable 6/16/26 @ 100 *(a) | 279,969 | ||||||
| 825,000 | Mars, Inc., 3.20%, 4/1/30, Callable 1/1/30 @ 100 *(a) | 742,179 | ||||||
| 2,067,427 | ||||||||
| Health Care Providers & Services (2.6%) | ||||||||
| 1,000,000 | Ascension Health, Series B, 2.53%, 11/15/29, Callable 8/15/29 @ 100 * | 863,613 | ||||||
| 590,000 | Montefiore Medical Center, 2.15%, 10/20/26, Callable 4/20/26 @ 100 * | 539,131 | ||||||
| 1,050,000 | Partners Healthcare Syst, Inc., Series 2020, 3.19%, 7/1/49, Callable 1/1/49 @ 100 * | 747,679 | ||||||
| 890,000 | Sutter Health, 3.70%, 8/15/28, Callable 5/15/28 @ 100 * | 822,522 | ||||||
| 2,972,945 | ||||||||
See notes to schedule of portfolio of investments.
- 13 -
| Schedule of Portfolio Investments | Bond Fund |
| November 30, 2022 (Unaudited) | Continued |
| Shares or | ||||||||
| Principal | ||||||||
| Amount | Security Description | Value | ||||||
| Corporate Bonds, continued: | ||||||||
| Hotels, Restaurants & Leisure (1.4%) | ||||||||
| $ | 735,000 | Hyatt Hotels Corp., 4.38%, 9/15/28, Callable 6/15/28 @ 100 * | $ | 671,351 | ||||
| 1,200,000 | Starbucks Corp., 3.75%, 12/1/47, Callable 1/6/47 @ 100 * | 935,583 | ||||||
| 1,606,934 | ||||||||
| Household Durables (0.9%) | ||||||||
| 1,120,000 | Harman International Industries, Inc., 4.15%, 5/15/25, Callable 2/15/25 @ 100 * | 1,095,209 | ||||||
| Insurance (0.9%) | ||||||||
| 1,100,000 | Jackson National Life Global Funding, 2.65%, 6/21/24 (a) | 1,049,601 | ||||||
| Interactive Media & Services (1.0%) | ||||||||
| 1,300,000 | Meta Platforms, Inc., 3.85%, 8/15/32, Callable 5/15/32 @ 100 *(a) | 1,157,433 | ||||||
| IT Services (0.6%) | ||||||||
| 770,000 | Western Union Co. (The), 6.20%, 11/17/36 | 752,717 | ||||||
| Oil, Gas & Consumable Fuels (0.7%) | ||||||||
| 900,000 | Marathon Oil Corp., 4.40%, 7/15/27, Callable 4/15/27 @ 100 * | 868,565 | ||||||
| Semiconductors & Semiconductor Equipment (1.9%) | ||||||||
| 97,000 | Broadcom, Inc., 3.19%, 11/15/36, Callable 8/15/36 @ 100 *(a) | 70,278 | ||||||
| 2,178,000 | Broadcom, Inc., 4.15%, 11/15/30, Callable 8/15/30 @ 100 * | 1,949,817 | ||||||
| 325,000 | Intel Corp., 3.25%, 11/15/49, Callable 5/15/49 @ 100 * | 225,900 | ||||||
| 2,245,995 | ||||||||
| Total Corporate Bonds (Cost $32,560,155) | 27,622,607 | |||||||
| Taxable Municipal Bonds (8.8%) | ||||||||
| Kentucky (0.5%) | ||||||||
| 750,000 | Lexington-Fayette Urban County Airport Board Corp. Revenue, 2.84%, 7/1/31 | 645,897 | ||||||
| Michigan (0.1%) | ||||||||
| 190,000 | Michigan State Housing Development Authority Revenue, Series B, 2.72%, 10/1/35, Continuously Callable @100 | 172,319 | ||||||
| Oklahoma (2.0%) | ||||||||
| 500,000 | Grand River Dam Authority Revenue, Series B, 4.55%, 6/1/39, Continuously Callable @100 | 468,902 | ||||||
| 450,000 | The University of Oklahoma Revenue, Series C, 2.45%, 7/1/32, Continuously Callable @100 | 365,087 | ||||||
| 1,650,000 | University of Oklahoma Health Sciences Center General Revenue, Series A, 3.87%, 7/1/32, Continuously Callable @100 | 1,518,114 | ||||||
| 2,352,103 | ||||||||
| Oregon (0.7%) | ||||||||
| 1,000,000 | State of Oregon, GO, Series O, 1.70%, 8/1/32, Continuously Callable @100 | 766,823 | ||||||
| Pennsylvania (1.0%) | ||||||||
| 1,110,000 | City of Bethlehem, GO, Series C, 5.15%, 11/1/34, Pre-refunded 11/1/24 @ 100, AGM | 1,120,884 | ||||||
| Texas (3.3%) | ||||||||
| 1,000,000 | Arlington Independent School District, GO, 5.00%, 2/15/26, PSF-GTD | 1,016,318 | ||||||
| 1,000,000 | Arlington Independent School District, GO, 5.00%, 2/15/27, PSF-GTD | 1,020,846 | ||||||
| Shares or | ||||||||
| Principal | ||||||||
| Amount | Security Description | Value | ||||||
| Taxable Municipal Bonds, continued: | ||||||||
| Texas, continued: | ||||||||
| $ | 1,250,000 | Northwest Independent School District, GO, 1.78%, 2/15/31, Continuously Callable @100, TX PERMANENT SCHOOL FUND GUARANTEED | $ | 999,729 | ||||
| 785,000 | Texas Transportation Commission State Highway Fund Revenue, 5.18%, 4/1/30 | 805,214 | ||||||
| 3,842,107 | ||||||||
| Washington (1.2%) | ||||||||
| 1,200,000 | County of King WA Sewer Revenue, Series B, 1.86%, 1/1/33, Continuously Callable @100 | 923,830 | ||||||
| 585,000 | Pierce County School District No 10 Tacoma, GO, 1.90%, 12/1/33, SCH BD GTY | 431,764 | ||||||
| 1,355,594 | ||||||||
| Total Taxable Municipal Bonds (Cost $11,785,705) | 10,255,727 | |||||||
| U.S. Government Agency Securities (13.0%) | ||||||||
| Federal Farm Credit Banks | ||||||||
| 750,000 | 1.32%, 9/9/30, Callable 12/15/22 @ 100 * | 601,216 | ||||||
| 1,625,000 | * | 2.00%, 9/27/33, Callable 12/15/22 @ 100 | 1,260,267 | |||||
| 1,565,000 | 2.13%, 4/19/34, Callable 12/15/22 @ 100 * | 1,222,394 | ||||||
| 1,408,000 | 2.15%, 3/7/36, Callable 12/15/22 @ 100 * | 1,028,349 | ||||||
| 1,350,000 | * | 2.23%, 3/12/35, Callable 12/15/22 @ 100 | 1,008,121 | |||||
| 1,150,000 | 2.32%, 1/26/32, Callable 1/26/23 @ 100 * | 966,835 | ||||||
| 1,220,000 | 2.75%, 2/2/37, Callable 2/2/23 @ 100 * | 950,238 | ||||||
| 7,037,420 | ||||||||
| Federal Home Loan Banks | ||||||||
| 1,100,000 | 1.00%, 10/29/29, Callable 1/29/23 @ 100 *(b) | 941,869 | ||||||
| 1,000,000 | 1.00%, 2/11/36, Callable 11/2/23 @ 100 *(b) | 726,019 | ||||||
| 1,345,000 | 1.25%, 10/8/30, Callable 12/15/22 @ 100 * | 1,065,916 | ||||||
| 3,000,000 | 1.25%, 3/24/33, Callable 12/24/22 @ 100 *(b) | 2,431,728 | ||||||
| 1,170,000 | 1.50%, 2/25/36, Callable 2/25/23 @ 100 *(b) | 853,099 | ||||||
| 6,018,631 | ||||||||
| Federal Home Loan Mortgage Corporation | ||||||||
| 897,506 | Series 4893, 2.50%, 5/15/49 | 793,660 | ||||||
| Federal National Mortgage Association | ||||||||
| 876, | 551 Series 2018-94, 3.50%, 1/25/49 | 822,804 | ||||||
| 479,287 | Series 2022-35, 4.00%, 3/25/47 | 464,221 | ||||||
| 1,287,025 | ||||||||
| Total U.S. Government Agency Securities (Cost $16,595,456) | 15,136,736 | |||||||
| U.S. Treasury Obligations (25.6%) | ||||||||
| U.S. Treasury Bonds | ||||||||
| 6,270,000 | 1.75%, 8/15/41 | 4,348,588 | ||||||
| 9,415,000 | 2.00%, 8/15/51 | 6,344,827 | ||||||
| 10,693,415 | ||||||||
| U.S. Treasury Notes | ||||||||
| 3,715,000 | 3.13%, 8/31/29 | 3,565,820 | ||||||
| 7,491,000 | 4.13%, 9/30/27 | 7,571,177 | ||||||
| 3,808,000 | 4.13%, 11/15/32 | 3,941,280 | ||||||
| 4,000,000 | 4.25%, 9/30/24 | 3,985,312 | ||||||
| 19,063,589 | ||||||||
| Total U.S. Treasury Obligations (Cost $32,736,003) | 29,757,004 | |||||||
| Investment in Affiliates (5.0%) | ||||||||
| 5,805,552 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 3.67%(d) | 5,805,552 | ||||||
| Total Investment in Affiliates (Cost $5,805,552) | 5,805,552 | |||||||
| Total Investments (Cost $131,410,011) — 99.9% | 116,387,520 | |||||||
| Other assets in excess of liabilities — 0.1% | 76,288 | |||||||
| Net Assets -100.0% | $ | 116,463,808 | ||||||
See notes to schedule of portfolio of investments.
- 14 -
| Schedule of Portfolio Investments | Bond Fund |
| November 30, 2022 (Unaudited) | Concluded |
| (a) | Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed liquid according to the policies and procedures adopted by the Board of Trustees. |
| (b) | The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at November 30, 2022. |
| (c) | Step Bond: Coupon rate is set for an initial period and then increased to a higher coupon rate at a specified date. The rate shown is the rate in effect at November 30, 2022. |
| (d) | Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 2022. |
| * | Represents next call date. Additional subsequent call dates and amounts may apply to this security. |
| ^ | Represents less than 0.05%. |
| † | Mortgage backed securities are classified based on the characteristics of their underlying collateral, the fixed vs. variable nature of the obligations, and the credit standing of the mortgagors. The fixed or variable rate nature of securities interest payments to which the fund is entitled may not coincide with the payment nature of the collateral underlying the securities. |
| AGM | Assured Guaranty Municipal Corporation |
| GO | General Obligation |
| H15T1Y | 1 Year Treasury Constant Maturity Rate |
| LIBOR | London Interbank Offered Rate |
| PSF-GTD | Public School Fund Guaranteed |
| SCH BD GTY | School Board Guaranty |
| SOFR | Secured Overnight Financing Rate |
| US0001M | 1 Month US Dollar LIBOR |
See notes to schedule of portfolio of investments.
- 15 -
| Schedule of Portfolio Investments | Strategic Enhanced Yield Fund |
| November 30, 2022 (Unaudited) |
| Shares
or Principal Amount |
Security Description | Value | ||||||
| Mortgage Backed Securities† (21.4%) | ||||||||
| Prime Fixed Mortgage Backed Securities (2.2%) | ||||||||
| $ | 354,239 | Brean Asset Backed Securities Trust, Series 2021-RM1, Class M1, 1.60%, 10/25/63, Callable 9/25/27 @ 100*(a) | $ | 194,831 | ||||
| U.S. Government Agency Mortgage Backed Securities (19.2%) | ||||||||
| 90,000 | Fannie Mae, 2.13%, 4/24/26 | 84,339 | ||||||
| 311,630 | Fannie Mae, 4.50%, 10/1/52, Pool #MA4784 | 302,580 | ||||||
| 270,000 | Fannie Mae, 5.50%, 12/1/52, Pool #MA4842 | 273,133 | ||||||
| 448,595 | Freddie Mac, 4.00%, 11/1/52, Pool #SD8265 | 423,325 | ||||||
| 310,565 | Freddie Mac, 5.00%, 10/1/52, Pool #SD8258 | 308,527 | ||||||
| 269,487 | Government National Mortgage Assoc., 3.50%, 10/20/52, Pool #MA8345 | 249,620 | ||||||
| | 1,641,524 | |||||||
| Total Mortgage Backed Securities (Cost $1,951,849) | 1,836,355 | |||||||
| Corporate Bonds (38.0%) | ||||||||
| Aerospace & Defense (4.1%) | ||||||||
| 180,000 | Embraer Netherlands Finance BV, 5.40%, 2/1/27 | 172,800 | ||||||
| 90,000 | Howmet Aerospace, Inc., 5.90%, 2/1/27 | 89,100 | ||||||
| 90,000 | The Boeing Co., 5.04%, 5/1/27, Callable 1/3/27 @ 100 * | 89,001 | ||||||
| 350,901 | ||||||||
| Automobiles (1.4%) | ||||||||
| 90,000 | Ford Motor Co., 3.25%, 2/12/32, Callable 12/11/31 @ 100 * | 71,456 | ||||||
| 45,000 | General Motors Co., 5.40%, 10/15/29, Callable 8/15/29 @ 100 * | 43,324 | ||||||
| 114,780 | ||||||||
| Banks (6.2%) | ||||||||
| 90,000 | Bank of America Corp., 3.42% (US0003M + 104 bps), 12/20/28, Callable 12/20/27 @ 100 * | 81,932 | ||||||
| </ | ||||||||